China. Barley cost crimps Tsingtao Brewery profit growth
* H1 net profit rises 22 pct, vs 30 pct in H1 2010
* Price of barley has risen more than a third this year (more…)
* H1 net profit rises 22 pct, vs 30 pct in H1 2010
* Price of barley has risen more than a third this year (more…)
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…)
* Q2 net income 3.66 bln pesos, up 8 pct from yr ago
* Says oil refinery, power ventures fuel 168 pct revenue jump
* Company eyes new infrastructure, power ventures (more…)
Asia Pacific Breweries Ltd (APB) on Thursday announced a Group profit before interest and taxation (PBIT) of S$478.5 million for the nine-month period ended 30 June 2011. (more…)
Samar Singh Sheikhawat, vice president of marketing at United Breweries Ltd. (UBBL), comments on the growth of the mild beer market in India. Sheikhawat spoke in a phone interview from New Delhi. (more…)
The South African Breweries Limited has appointed Yolanda Cuba to its board as Executive Director: Development and Decision Support. (more…)
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…)
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 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…)
Anheuser-Busch InBev