Carlsberg Lowers Expectations for Russia
Carlsberg shares rose the most in 4 months after the world’s 4th-largest brewer maintained its forecast for full-year profit while lowering its expectations for the Russian market.
Carlsberg A/S (CARLB) shares rose the most in four months after the world’s fourth-largest brewer maintained its forecast for full-year profit while lowering its expectations for the Russian market. Operating profit this year will be about 10 billion Danish kroner ($1.8 billion), the maker of Tuborg beer said, reiterating an earlier forecast. (Bloomberg)
