MillerCoors Expected To Gain Market Share In Fast Growing Craft Sector

MillerCoors, the US brewing operation owned jointly by SABMiller and Molson Coors, has reported a drop in its volumes and net sales for the first half of 2010. However, cost controls and synergistic benefits led to a sharp increase in earnings over the period. In the first six months of the year MillerCoors' net sales fell by 0.8% to US$4,47bn, [-is this figure correct?] while volumes came in 2.9% lower. Net profits surged by 17% to US$599.8mn. The results are in line with the firm's recent performance, with a weak beer demand offset by benefits from the merger and cost

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