Partly Carlsberg Owned Brewery Sees 2009 Sales up 26 pct

The Hanoi-based company, which launched its initial public offering last March, expects revenues of 5.26 trillion dong ($310 million) versus 4.16 trillion dong in 2008, it said in a statement on Wednesday. Last year’s revenues were up nearly 12 percent from 2007.
The producer of the popular Halida and Hanoi Beer brands forecast beer sales in 2009 would reach 433.9 million litres, up 17 percent from 370.6 million litres last year.
The company did not reveal its earnings figures but said it contributed 2 trillion dong to the state budget last year.
Last April, Carlsberg paid $115.6 million for a 16 percent stake in Habeco, valuing the company at about $723 million.
Shares in Habeco are being traded on the unofficial over-the-counter market at around 30,000 dong each, 40 percent lower than their IPO price of 50,015 dong.
Habeco competes against Ho Chi Minh City-based Sabeco which brews Saigon Beer and is the country’s biggest brewer.

Leave a Reply

Your email address will not be published. Required fields are marked *