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.

Find out about commodities trading and learn CFD strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.