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Tag Archives: Net profit

• AB InBev Beats Profit Predictions

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 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 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 […]