Millercoors Reports Rise In Q3 Income

Molson Coors Brewing Co reported a higher-than-expected quarterly profit helped by the acquisition of operations in Eastern Europe. The company behind beers such as Coors Light and Blue Moon said Q3 income rose to US$ 198.4M, from US$ 197.4M. Net sales increased 25% to US 1.20BN, fuelled by the addition of operations in Eastern and Central Europe which make the Staropramen brand, which the company recently acquired. The firm reported a near 14% rise in Q3 net income as it sold more expensive beers. However, the company's Canadian, British and international businesses saw earnings fall in the quarter. Molson said it will combine its businesses in Britain and Ireland with its other EU businesses.