Pursuits
Carlsberg Slumps as Russia Woes Add to Eastern Europe Loss
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Carlsberg A/S provided a reminder of the difficulties of being Russia’s biggest brewer right now as it reported a widening first-quarter loss in eastern Europe.
The operating loss in the region was 155 million kroner ($23.3 million) compared with 8 million kroner a year earlier as the volume of beer sold there declined by 16 percent, the Copenhagen-based company said in a statement Tuesday.