India. United Breweries 2Q Net Profit Falls 11% To INR195.2 Million

Post published:02/11/2011
Reading time:1 min(s) read

United Breweries Ltd. (532478.BY) said Monday second-quarter net profit fell 11%, pressured by higher costs and increased interest outgo.

Net profit for the quarter through September slipped to INR195.2 million from INR219.1 million a year earlier, missing the INR238 million forecast by brokerage IDFC Securities Ltd.

Sales jumped 30% to INR7.33 billion from INR5.62 billion, the maker of Kingfisher beer said.

Total costs jumped 31% to INR7.02 billion while interest costs surged 42% to INR176.7 million.

Tags: beer in India

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