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Article: BEER, DRUGS FUELED JAPAN CO KIRIN'S 27% PRETAX PROFIT SURGE.(Financial report)

Article from:
AsiaPulse News
Article date:
November 9, 2009
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TOKYO, Nov 9 Asia Pulse - Japan firm Kirin Holdings Co.'s (TSE:2503) pretax profit soared in the nine months through September on a potent mix of strong sales of beer and pharmaceuticals, while rivals Asahi Breweries Ltd. (TSE:2502) and Sapporo Holdings Ltd. (TSE:2501) suffered profit declines.

Kirin reported a 27 per cent year-on-year increase in group pretax profit to 110 billion yen Friday. It also upgraded its forecast for the full year by seven billion yen (US$77.9 million) to 143 billion yen.

No-malt brews and zero-alcohol Free sold well in Japan, and Kirin's beer sales rose in Australia as well. Excluding currency factors, the alcohol segment's ...

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