Molson Coors Brewing Company (TSX: TAP; NYSE: TAP) announced Tuesday that its first-quarter net revenue grew up to $37.1 million, or 20 cents a share, from $4.41 million, or 3 cents, a year earlier.
The sudden increase resulted from high sales in the U.S. , Canada and the U.K. that increased by 10 percent to $1.36 billion.
The company was created by the merger of two of North America 's largest breweries: Molson of Canada, and Coors of the United States, on February 9, 2005.
Molson Coors also announced its plans to merge its U.S. operations with those of London-based SABMiller in the middle of this year.
Molson Coors’ stock jumped by 7.4 percent to $57.10 in New York Stock Exchange composite trading today.