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The
company gets all its revenue from outside the United States and
receives 42 percent of profits from MillerCoors LLC, its U.S.
joint venture with SABMiller Plc.
MillerCoors reported on Thursday a 3.4 percent drop in net
sales, hurt by lower demand for its Coors Light beer.
Molson Coors is widely anticipated to bid for SABMiller's 58
percent stake in MillerCoors to help Anheuser-Busch InBev get
regulatory approval to buy SABMiller.
The net profit attributable to Molson Coors was $16.6 million,
or 9 cents per share, in the third quarter ended Sept. 30,
compared to a net loss of $34.4 million, or 19 cents per share,
a year earlier.
Net sales fell to $1.02 billion from $1.17 billion. Net sales
have risen only once in the last nine quarters.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by
Saumyadeb Chakrabarty and Sriraj Kalluvila)
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