Tag Archives: Net profit
• AB InBev Beats Profit Predictions
AB Inbev has reported profit growth this quarter that has exceeded industry estimates, as sales in Brazil related to the World Cup helped to balance out a US slump. Earnings before deductions rose 9.5% to $4.85 billion (£2.66bn), significantly higher than the pre-results estimate of 8.2% which was reached by an average of industry expert predictions. The company […]
• Diageo net sales drop by £1.1 billion (approx $1,719,777,322)
Diageo saw its net sales tumble by £1.1 billion in 2014 with weak sales in emerging markets and a continued slowdown in China blamed, as the company posted its end of year results today. Overall the company reported a net profit of £2.25 billion, a drop of 8% on 2013, with net sales falling by 9% […]
• Pernod Ricard Appoints Chairwoman
Pernod Ricard SA RI.FR -2.42%Thursday said it had appointed Daniele Ricard as chairwoman, as the French alcoholic drinks company reported a jump in full-year net profit boosted by strong demand for high-end drinks in emerging markets and the weak euro. “Pernod Ricard is confident in its capacity to continue to grow thanks to the strength of […]
• Carlsberg Lifts Profit Forecast
STOCKHOLM—Danish brewer Carlsberg A/S raised its full-year operating profit forecast Tuesday as it reported a 31% rise in third-quarter net profit, but warned of price increases and challenging market conditions. The maker of Tuborg, Carlsberg and Kronenbourg beer said net profit rose to 1.95 billion kroner ($364.3 million) from 1.49 billion kroner a year earlier. […]
• Heineken's Sales Lifted by Femsa Buy
Heineken NV said Wednesday its third-quarter sales rose 13%, boosted by the acquisition of Mexico-based Femsa Cerveza, even as volumes fell 1% due to a sharp drop in Europe. The Dutch brewer said third-quarter sales increased 13% to €4.62 billion ($6.4 billion) from €4.07 billion in the same period a year earlier. Heineken, which brews […]
• United Spirits Missed Expectations
BANGALORE — India’s United Spirits Ltd. Thursday missed expectations as it reported a 7.2% rise in second quarter net profit, weighed down primarily by higher advertising costs and interest payments. Net profit for the three months through September rose to 746 million rupees ($16.7 million) from 696 million rupees, while sales by the maker of […]
