Japanese brewing group Kirin posted a 2.7% drop in interim sales which it mainly blamed on a decline in the demand of beer, spirits and wines.
For the first six months ended June 30 sales dropped to 727.8bn yen from 784.1bn yen in 2001. Pre-tax profit decreased from 33bn yen to 30.2bn yen.
The group said that against the backdrop of economic conditions and diversification of consumer preference, demand for happo-shu continued to expand, while demand for beer declined.
In the market for spirits and wines, weakness in the bar and restaurant market due to the recession led to a decline in total demand. The soft drink business was said to have remained strong.
For the first six months ended June 30 sales dropped to 727.8bn yen from 784.1bn yen in 2001. Pre-tax profit decreased from 33bn yen to 30.2bn yen.
The group said that against the backdrop of economic conditions and diversification of consumer preference, demand for happo-shu continued to expand, while demand for beer declined.
In the market for spirits and wines, weakness in the bar and restaurant market due to the recession led to a decline in total demand. The soft drink business was said to have remained strong.
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