(MENAFN) Danish Carlsberg announced a drop in its 2014 operating profits due to weak sales performance and currency depreciation in the Eastern Europe markets, Xinhua reported.
The operating profit in 2014 stood at USD1.41 billion, with a five percent decrease year-on-year, Carlsberg, the world's fourth largest beer manufacturer, said in its annual report.
The Copenhagen-based company also reported a slight rise in its net revenue to USD9.87 billion. In Eastern Europe, Carlsberg's sales volume dropped 11 percent while its net revenue fell 20 percent to USD2.16 billion.
The decline was mainly attributed to the "uncertain and challenging" macro-economic environment and "increasing inflation" in the region, Carlsberg explained.
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