Molson is back in the black after reporting a loss of C$44m (£20.6m) last year.

It announced profits of C$133.9m (£62.6m) on revenue up 5% and beer volume up 2.6%.

The company hinted it had its eye on acquisitions in Western Europe or the Americas.

It is now the 20th largest brewer in the world.

Molson is looking to divide its shares two for one, increasing the number of shares from 60m to about 120m.