The Japanese brewing group, Kirin Brewery Co., has reported net profit of Y30.86 billion for the first nine months of 2002, up 29% on the corresponding profit figure last year of Y23.88 billion.
Operating profit increased from Y61.93 billion to Y77.86 billion, while pre-tax profit rose from Y59.12 billion to Y73.34 billion. Turnover rose by 0.9% from Y1.162 trillion to Y1.172 trillion.

The group attributed the rise in profitability to the beneficial impact of cost-cutting programmes. The performance over the nine-month period contrasts favourably with the company's performance in the first half of the year. Group sales for the January-June period decreased by 2.7% to Y727.89 billion, while group operating profit fell by 6.6% to Y33.80 billion.

E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .