Dutch beer brewer Grolsch on Monday announced net profits for the first ten months of 2007 of €18m, a rise of 34.3% on the same period in 2006.
Turnover in the period was €278m against €262m in 2006. Operating profit rose from €21m to €26m, while earnings per share rose from €0.80 to €1.08.
The figures were published to coincide with a formal bid for the company by British-South African brewer SABMiller.
SABMiller is offering €48.25 a share for Grolsch, one of the oldest Dutch companies and famous for its resealable bottles. The bid, worth €816m, is backed by both management and the supervisory board.
Grolsch will hold an extraordinary shareholder meeting on January 28 to discuss the bid.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation