The Danish brewer posted a Q3 operating profit in line with forecasts as a growing Asian market offsets challenges in Russia.
Offered us this morning his cult but Q3 operating profit pretty much in line the pru also stuck with its fully a profit full cost. And it's not above all he seems to be focused on now we got a good jump at the start talks 3%. The open a sales in Asia are offset worries about a big drop in Russia. But this is a stock that is down 16%. Since the beginning of the year against a 17% increase the white indexed. In Copenhagen. I'm buyers down to the Russia affect sales barrel 15%. And given the company makes about a third of its operating profit that the ruble's full. 8% in the past week alone. And the general upheaval the economy faces clearly remain big causes for concern. As one analyst said wiping out the growth expected in earnings next year from efficiency savings in Russia and Europe so. Cash flow. And earnings growth OK for the time being but what 2015 won't bring given Russia the big question for calls.