• May 9, 2007

Molson Coors Brewing Co. Toronto is reporting that sales volume increased 2.9% for the first fiscal quarter over the same time period a year ago.

Net sales increased 6.5%, percent to $1.23 billion. Net income was $4.4 million.

Leo Kiely, Molson Coors president and CEO, said in a statement that the company continues to "strengthen our momentum from the second half of 2006 with our global focus on brand building and attacking costs."

"We invested aggressively behind strategic brands in all of our major businesses--in Canada, the U.S. and the U.K."

Molson reported that marketing, general and administrative expenses rose 2%, to $400 million.