Carlsberg Posts Lower Q2 Profit

Carlsberg A/S CABGY reported a drop in its Q2 net profit. Carlsberg's quarterly net profit fell to 2.07 billion Danish kroner ($372 million), from DKK3.36 billion, in the year-ago period. However, analysts were expecting a profit of DKK2.15 billion. Its sales gained 1.6% to DKK19.64 billion from DKK19.34 billion, versus estimates of DKK19.6 billion. Carlsberg's operating profit declined 1.04% to DKK3.44 billion, from DKK3.47 billion. Carlsberg shares closed at $20.40 yesterday.