Anheuser-Busch InBev in Russia posts net profit of 1.6 bln rubles in 2009
MOSCOW. July 22 (Interfax) - SAN InBev, the Russian subsidiary of Anheuser-Busch InBev, posted a net profit of 1.6 billion rubles in 2009 compared with a net loss of 380.5 million rubles in 2008.
Revenue declined to 37.9 billion rubles in 2009 from 39.7 billion rubles in the previous year. Beer production fell 18% to 16.3 million hectoliters.
Declining demand last year forced SAN InBev to mothball two facilities: a brewery in Pushkin (Leningrad region) and a malt plant in Ivanovo.
The company exported 251,600 hectoliters to Kazakhstan, Kyrgyzstan, Belarus, Georgia, Germany and the Baltic States.
SAN InBev, founded in 1999, is the second biggest beer seller in Russia. It owns breweries in Klin, Volzhsk, Omsk, Perm, Saransk, Ivanovo, Kursk, Novocheboksarsk, Angarsk and St. Petersburg. It's best-selling brands in Russia are Stella Artois, Beck's, Brahma, Staropramen, Hoegaarden, Sibirskaya Korona, Klinskoye, Tolstyak and BagBier.