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Labatt cites success at annual meeting.

Canadian-based John Labatt Ltd. said its improved results over the past year were due to the consumer success of Labatt Genuine Draft in Canada, and strong performances in its broadcast and dairy segments.

At the company's annual meeting last week, outgoing president and CEO Sidney Oland said the company's domestic beer market share had increased nearly 44 percent, despite one of the worst beer-selling summers on record due to the unseasonably cool weather, among other factors.

Oland noted that Labatt Genuine Draft continues to increase its market share and that Labatt Blue has regained its number-one brand position in Ontario.

Labatt reported net sales increases of six percent over the first quarter of 1991, although domestic industry volume declined 5.5 percent in the latest quarter due to unseasonable weather.

Labatt's USA, meanwhile, posted a 14-percent volume gain during the third quarter, with the Labatt brands and Rolling Rock brand contributing to the increase.
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Title Annotation:John Labatt Ltd.
Publication:Modern Brewery Age
Date:Sep 28, 1992
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