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MOLSON'S STRONG U.S. SALES BOOST INCREASED EARNINGS
Published May 17, 1995
Molson Breweries yesterday reported increased earnings and revenue in FY '95 (ended April 1), "bolstered by higher beer prices, more U.S. sales and lower marketing cost." Molson Breweries is 40% owned by Molson Cos. Ltd., which also owns the NHL Canadiens and Molstar Communications. Molson continued to lead in the Canadian domestic beer market, and saw "exports south of the border" grow 14% in '95, mainly as a result of the success of Molson Ice. Molson Breweries' profits rose to C$168.3M on revenues of C$2.12B, compared with a profit of C$161.3M on revenues of $2.11B last year (Marina Strauss, Toronto GLOBE & MAIL, 5/17). Those revenue figures include Molson's interest in "Hockey Night in Canada" (CP/HAMILTON SPECTATOR, 5/17).