help your. morning-after-the- « Yuletide-party hangover, but it might ease: your mind: to: know’ that wine is full of all: the necessary vitamins and ‘nutritive and medicinal value of wines.) And if Ananics, ‘had: ‘her way, every, hospital ‘in ‘the country would forgo sleeping ‘pills for their’ patients; and fi your: body. Polish-born Mira’ ‘Ananicz, 38, the only female’, ‘wine-.)! maker employed by a ‘Cana- dian wine © company, © has chosen as her. expertise, the Beer | : makers’ ° profits increase : By VIC PARSONS (CP) — Despite | the : re- cession, profits reported this year by Canada’s three larg- est breweries have risen significantly above those of a year ago. a ‘or two’ of the sas aoe do in Europe. * “Tve had doctors call ime asking what proportion of minerals ‘one can: find | in’a But the gains are like:cas- tles built of sand, as’ sales volumes have been battered by bad times and changing tastes. Analysts saya price hike early in the‘ year ‘ac- counts chiefly for the: better performance by © Molson Breweries of Canada Ltd., Carling O'Keefe Ltd.:: and John Labatt Ltd... promising. for:the rest “The very. large ‘earnings improvement in the first half the recand haf, ualess there crease,” says analyst ‘Roland Jones of Pitfield' Mackay on sales’ over’ the.’ ‘next “six months will be flat,” says Leo Soenen, an analyst with ‘dson Greenshields of Canada. Ltd. in» Winnipeg. Soenen predicted that ’'sales volumes by; the three major bi in their: fiscal years to four’ per cent jeir ing earnings from operations than™: brewing, cleared 1429 million ‘inthe Het six months: ending Sept ee Semone up from $36.1 million earlier, — while © Carling O'Keefe's ‘profit:\jumped ‘to $20.2 million from $18 ‘mil: lon. In Labatt's: first ‘auarter, its profit was $20.4 million, up from $17.7 million a: year ago. Sets In its last quarterly report, however, Molson blamed the recession and poor weather during the summer for a 3.1- per-cent drop in sales vol- ume, while adding that. im- proved productivity, tighter cost control and higher Prices pushed up. earnings /from brewing operations.’ Carling O'Keefe attributed its profit increase in brewing and wine to “improved profit ;:mar- The belief held in some cir- cles that breweries prosper in hard times as imbibers try to drown their woes is ‘only a myth, © industry observers say. Beer lovers trim back on their consumption just. like everyone else, although Soe- nen says the beer industry may not hurt as much ‘as some other sectors of the economy. The decline in sales. vol- umes show that brewers, too, are “penalized by the state of the economy,” says Jones. “People in a troubled econ- omy are doing less of every- thing,” he’ says.‘“You: can only drink: if you have’ the money to spend on.it.” Jones says drinkers are spending a lot less now’ on premium spirits and liqueurs and while there is some shift to beer, many consumers are heading for lower-priced wines. That helps ease the blow for breweries, like Car- ling. O'Keefe’ and Labatt, which have diversified into the wine business. Soenen says past experi- ence shows that beer sales are not recession-proof. “People go out less, and they don't drink as much.” In the mid-November re- port, Soenen said the drop in beer sales this year has been “much more than we would have imagined.” Pesta of every Bay store! 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