Overflowing: Heady profits for Molson Coors
I'm happy to say I've done my part to bolster earnings for this company. The merger of Molson and Coors appears to be one of the few successful high profile mergers (in contrast to Daimler Chrysler for example)
Molson Coors Brewing Co. (TSX: TAP.B) is splitting its stock two-for-one after booking a 19 per increase in second-quarter earnings to US$185 million.
The American-Canadian brewer, reporting in U.S. dollars, said sales were $1.68 billion in the quarter ended July 1, up 5.9 per from a year earlier.
Volume was up 0.7 per cent to 11.5 million barrels or 1.35 billion litres.
thanks Kaitlin for the headline help.