Coors profits up 63%

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Adolph Coors Co., Golden, Colo., reported profits soared 63% in the fourth quarter, vs. a year ago, to $9.4 million. Net sales climbed 8% to $444.1 million. The U.S.' No. 3 brewer attributed the record sales results to strong sales of Coors Light. For the full year, net income dropped 18% to $67.8 million, while net sales were up 4.3% to $1.9 billion.

Copyright February 1999, Crain Communications Inc.

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