Tuesday, May 8, 2007

UPDATE 1-Molson Coors posts 1st-qtr profit vs year-ago loss

(Reuters) - The brewer of Molson Canadian and Coors Light beers posted a net profit of $4.4 million, or 5 cents per share, for the first quarter, compared with a net loss of $30.2 million, or 35 cents per share, a year before.

Total net sales rose 6.5 percent to $1.23 billion. Sales by volume, which measures beer shipments to wholesalers, rose about 3 percent to 8.9 million barrels.


Read more at Reuters.com Market News

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