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28 February 2002

Grolsch profits rise 6%

Royal Grolsch N.V. reported a world-wide sales volume for the Grolsch brand of 2.95 million hl and a total net profit of €28.6 million in 2001. Both volume and profit stood at record levels. Net profit was 6 per cent higher than in 2000, while the operating result rose 5 per cent and net turnover 7per cent. Further growth in sales volume, operating result and net profit is expected in 2002.
Net turnover rose 6.7 per cent in 2001 to €272.6 million (2000: €255.4 million). This increase was largely attributable to price increases in the domestic market and volume growth in the United Kingdom and other export markets. The operating result increased 4.6 per cent in 2001 to €38.6 million (2000: €36.9 million).
Net profit (profit on ordinary operations after tax) was 6.0 million)..

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