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Molson Coors Brewing Co.

04:03 PM EST - Molson Coors Brewing Co. : reported that its first-quarter net income attributable to Molson Coors increased 38.2% to $104.6 million U.S. from $75.7 million U.S. a year ago. On per share basis, net income was $0.56 U.S., up from $0.41 U.S. per share in the year-ago quarter. Underlying after-tax income decreased to $69.7 million U.S., or $0.37 U.S. per share, from $98.8 million U.S., or $0.53 U.S. per share in the year-ago quarter. First-quarter 2010 results include the benefit of favorable foreign currency movements, which increased consolidated underlying pretax income approximately $4 million U.S. Net sales rose to $661 million U.S., from $559.0 million U.S. in the year-ago quarter. Molson Coors Brewing Co. shares T.TPX are trading even at $44.75.