![#](www.e-malt.com/images/left_top_corner16x200.gif) | E-Malt.com News article: 278
On July 1 the UK's largest brewer Scottish and Newcastle (S&N) declared an unexpected increase by 3.5% of its full-year pre-tax profits of GBP442.3m (US$677.1m).
The value of last year profits was GBP428m. The profits forecasts were made around GBP431-445m. However, its market shares slipped, since S&N said that they were continuing to look at releasing cash from its pub assets.
05 July, 2002
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