The rough ride Interbrew received at the hands of the UK regulatory authorities last year has failed to make a dent in the Belgian brewer's profitability. Its £2.3bn purchase of Bass in 2000 was blocked by the Competition Commission and it was forced to sell part of it, including the Carling brand, for £1.2bn to US brewer Coors. In its annual results this week the Stella Artois brewer announced a net profit of £432m on turnover up 30% to £4.52bn, broadly in line with city expectations. Analysts said the company was making progress with its emerging markets operations, where it reported turnover up 15%, and they were bullish about potential of German brewer Beck which Interbrew acquired last year. Chief executive Hugo Powell said the focus of the group would now be on organic growth and integrating the acquisitions. He said price and range improvements in existing businesses had generated organic turnover growth of 8%. The brewer reported its UK business, which now includes the former Bass Tennent Caledonian and Tennent's Ireland operations, has a market share of 16% with the potential for continued growth. {{NEWS }}