BRAZIL: AmBev reports positive Q2 and H1 2011 results

  • Reading time:3 min(s) read

AmBev on Thursday announced its results for the second quarter and the first half of 2011. In the first half of 2011 AmBev’s normalized EBITDA reached R $ 5.7 billion – an organic growth of 10.9% over the same period last year. (more…)

AUSTRALIA/NEW ZEALAND: Lion experienced tough market conditions during H1

  • Reading time:8 min(s) read

Lion, owned by Kirin Holdings, announced its trading update for the half ended 31 March 2011. The company said, it continues to pursue its strategy of investing in its people and a focussed portfolio of high potential brands to drive sustainable results in the long term. Business integration is progressing to plan, with the business uniting under one trading name, Lion, since the conclusion of the half. (more…)

USA: Cargill reports earnings drop 7% in Q4 2011

  • Reading time:5 min(s) read

Cargill, international producer and marketer of food, agricultural, financial and industrial products and services, on Tuesday reported $404 million in earnings from continuing operations in the fiscal 2011 fourth quarter ended May 31, a 7 percent decrease from $435 million in the same period a year ago. For the full fiscal year, earnings from continuing operations totaled $2.69 billion, a 35 percent increase from $1.99 billion in the prior fiscal year. (more…)

Heineken completes acquisitions of two breweries in Ethiopia

  • Reading time:2 min(s) read

Heineken N.V. today announced that it has completed the acquisitions of the Bedele and Harar breweries from the government of the Federal Democratic Republic of Ethiopia for US$85 million and US$78 million, respectively. These transactions follow Heineken’s participation in the public auctions for the two breweries. (more…)