Carlsberg reports return to profit

<p>Carlsberg is back in profit after a successful first quarter.</p>

Carlsberg has revealed it returned to profit in the first quarter of the year and the Danish brewer's share price has risen on the back of the news.

The latest financial results for the firm were released today (May 7th) and showed a net profit of 62 million kroner (£7 million), which is compared with a loss of 76 million a year ago.

Sales in Asia have helped Carlsberg to return to profit, with growth of 13 per cent in this region.

Carlsberg's chief executive Jorgen Buhl Rasmussen stated he expects this market to continue to be a solid area of growth for the company in the near future, despite negative economic data.

"I see no reason that the picture from 2012 should change significantly in 2013," he said.

At 15:59 BST, shares in the brewer were up by nine points – a rise of 1.64 per cent – and were trading at 556.50.

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