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Carlsberg increases dividend, fourth quarter sales disappoint

Published 07/02/2018, 06:52
Updated 07/02/2018, 07:00
© Reuters. FILE PHOTO:A logo of Carlsberg beer is seen on the entrance of a pub in Brussels
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By Jacob Gronholt-Pedersen

COPENHAGEN (Reuters) - Danish brewer Carlsberg (CO:CARLa) on Wednesday said it expected operating profit to grow by a percentage in the mid-single-digits this year and that it would increase dividend payout, after posting 2017 sales below analysts' expectations.

Net profit without impairments rose to 4.93 billion Danish crowns (£587.4 million) in 2017, slightly above the 4.86 billion crowns expected by analysts in a Reuters poll. Carlsberg gave no quarterly earnings figures.

However, fourth-quarter sales fell to 13.36 billion crowns, missing the 13.63 billion seen in the poll.

© Reuters. FILE PHOTO:A logo of Carlsberg beer is seen on the entrance of a pub in Brussels

Carlsberg, the world's third largest brewer, said it would recommend increasing dividend payout for 2017 by 60 percent to 16 crowns per share.

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