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Belgium's Interbrew posts flat earnings.

Belgium's Interbrew S.A., Europe's third-largest brewer, posted relatively flat net earnings in 1990, but have forecast increased sales in 1991, according to the company and the Wall Street Journal.

The Brussels-based brewer reported 1990 profits of $70.3 million, compared with about $69.3 million a year earlier. The company cited several factors for the slowdown, including the Persian Gulf crisis, and the expansion of two of its main breweries.

Despite a "dramatic difference" in first-quarter profits on account of the Gulf situation, Interbrew's chief executive, Jose Dedeurwaerder, predicted that profits would improve and even now sales were picking up.
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Publication:Modern Brewery Age
Date:Mar 25, 1991
Words:101
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