Kirin Holdings reports Q1 net earnings of 54.31B yen, compared with year-ago loss of 3.03B yen, due to proceeds from sales of its stake in Fraser & Neave; sales rise 4.7% to 520.66B yen

Nevin Barich

Nevin Barich

May 1, 2013 – Kirin Holdings Co.

April 26, 2013 (press release) – Kirin Holdings Co. reported first-quarter net earnings of 54.31 billion yen (US$550 million), compared with a year-ago loss of 3.03 billion yen, due to proceeds from sales of its stake in Fraser & Neave Ltd. Sales rose 4.7% to 520.66 billion yen.

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