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Molson Coors swings to US$34-million Q3 loss on charges for European brands

2014-11-07 00:13:59| Beverages - Topix.net

The Molson Coors Brewing Company swung to a US$34.4 million net loss in the third quarter from a US$134 million profit a year ago primarily due to a $360-million impairment charges for two European brands. Excluding one-time items, its adjusted profit reported in U.S. dollars fell 2.7 per cent to $271.5 million.

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