Source Pravda.Ru

Molson Coors' revenue up 8 percent

Molson Coors Brewing Company (TSX: TAP; NYSE: TAP) announced Tuesday that its first-quarter net revenue grew up to $37.1 million, or 20 cents a share, from $4.41 million, or 3 cents, a year earlier.

The sudden increase resulted from high sales in the U.S. , Canada and the U.K. that increased by 10 percent to $1.36 billion.

The company was created by the merger of two of North America 's largest breweries: Molson of Canada, and Coors of the United States, on February 9, 2005.

Molson Coors also announced its plans to merge its U.S. operations with those of London-based SABMiller in the middle of this year.

Molson Coors’ stock jumped by 7.4 percent to $57.10 in New York Stock Exchange composite trading today.

Photo: www.smh.com.au

Comments
The Amazon and the New Conquistadores
Moving inexorably towards war
Capital outflow from Russia sets new records
US-led coalition strikes Assad's army in Syria
US-led coalition strikes Assad's army in Syria
US-led coalition strikes Assad's army in Syria
Moving inexorably towards war
USA plays to pretend a mighty dragon that can no longer breathe fire
Indian Origin of Egyptian Civilization
The difference between Polish and Ukrainian nationalism is plain to see
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
What weapons the USA, Russia and China may use in case of World War III
USA plays to pretend a mighty dragon that can no longer breathe fire
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Mikhail Gorbachev shares his thoughts on nuclear war
Russia unveils nuclear-powered interstellar spaceship
Moving inexorably towards war
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia’s sanctions against Ukraine send message to Washington