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Last Updated: Tuesday, 8 August 2006, 07:45 GMT 08:45 UK
Brewer S&N toasts rise in profits
Beer pumps and pint of lager
S&N is the biggest brewer in the UK, France and Russia
Brewer Scottish & Newcastle (S&N) has posted a 12% rise in half-year profits boosted partly by the World Cup.

Pre-tax profits for the six months to 30 June rose to 187m ($355m) from 167m last year.

The World Cup added 2% to beer and cider market growth in the UK, S&N said, although the tournament had little impact in other markets.

Overall revenues at the firm - whose brands include Foster's, Strongbow and Kronenbourg - rose 6% to 1.99bn.

The UK's biggest brewer said that trading in the second-half of the year had started well, boosted by the recent good weather in Europe.

S&N added that its Baltic Beverages Holding (BBH) business - a 50-50 joint venture with Carlsberg in Russia and Eastern Europe - was continuing to deliver benefits.

Last week, BBH reported a 31% rise in first-half profits and raised its growth and profit margin forecasts.


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