Carlsberg Reports 22% Drop In Q2 Net Profit, Lowers Forecast

Carlsberg A/S CABGY reported a 22% drop in second-quarter net profit and cut its full-year forecast. Carlsberg's net profit dropped to DKK2.06 billion, from DKK2.63 billion, in the year-ago period. Analysts expected a net profit of DKK2.6 billion. Carlsberg's sales climbed 4.3% to DKK18.74 billion, from DKK17.97 billion, in the year-ago quarter. However, analysts were expecting sales of DKK18.81. Carlsberg shares fell 5.70% to close at $17.55 yesterday.