Danish brewer Carlsberg reported on Wednesday profit declines for the second half of 4.1 billion krone ($592 million) before tax. That is lower than 4.9 billion krone in the comparable period last year, mainly hurt by rise in expenses. The company also said it will today initiate a new quarterly share buy-back programme of up to 1 billion krone. Profit from continuing operations declined to 3.4 billion krone from 4.2 billion krone last year. On a net basis, the company posted a loss of 44.3 billion krone compared with profit of 4.2 billion krone a year ago, primarily due to a loss of 47.3 bill…