Carlsberg suffers profits hit on Russia alcohol crackdown

Profits at Carlsberg have plunged more than 70% after a crackdown on alcohol abuse in Russia took the fizz out of beer sales.

The Tuborg and Somersby Cider-maker saw annual net profits sink to 1.3 billion Danish krone (€174m) last year, down from 4.5 billion krone (€602m) as Russian beer volumes dropped 14%.