COPENHAGEN (dpa-AFX) - Carlsberg AS (CABGY.PK) posted first quarter loss attributable to shareholders of DKK 76 million, or DKK 0.5 per share, versus profit of DKK 173 million or DKK 1.1 per share a year ago.
Consolidated profit was DKK 44 million, lower than DKK 261 million a year earlier.
Net revenue was up to DKK 12.87 billion from DKK 12.53 billion in the prior-year quarter. The company said it had flat organic development due to Russian destocking.
Commenting on the results, CEO Jørgen Buhl Rasmussen said, 'In the traditionally small first quarter of the year, the Group delivered continued solid growth and performance in Northern & Western Europe and Asia, while destocking impacted our Russian results as expected. Our Q1 results were in line with our plans and we are on track to meet our 2012 expectations.'
Looking ahead for fiscal 2012, the company still projects slightly higher adjusted net profit and operating profit before special items at the level of 2011.
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