Carlsberg says its operating profit in Asia is increasing due to premium propositions growth.
According to the first-half results, Asia region continued to deliver solid organic revenue growth (+4%) thanks to a strong 7% price/mix and despite a negative volume development in China. In addition, organic operating profit growth was a healthy 6%. (more…)
North Korea may lag far behind its Asian neighbors in nearly everything — economic development, Olympic medals, and human rights, to name a few — but there’s at least one area where it remains competitive: beer. (more…)
Indonesia is mulling a proposal to introduce a nationwide ban on alcohol, triggering uproar among holidaymakers and unsurprisingly, the island country’s tourism sector. (more…)
Due to the challenging macro environment in H1 2016 the Russian beer market declined by an estimated 2-3% compared to the same period last year. Further decrease in purchasing power continue negatively affecting the market development, which is caused by volatility of the economic situation. (more…)
Even with growing competition from Carlsberg, United Breweries has managed to retain its market share at nearly 50 percent and is well prepared to deal with future competition as well, says MD Shekhar Ramamurthy. (more…)
Vietnam’s largest brewer Saigon Beer, Alcohol and Beverage Corp (Sabeco) is contemplating a listing on the Ho Chi Minh City Stock Exchange, where the country’s largest blue chips are currently listed, the local industry ministry said, in a document. (more…)
Only about 10 percent of the places serving liquor in the country are legally allowed to do so, tourism experts say, and while the widespread availability of unlicensed premises serving drinks is costing the local economy in unpaid taxes, the Ministry of Home Affairs refuses to issue more licences. (more…)
Sri Lanka’s Ceylon Beverage holdings, brewer for Lion and Carlsberg in Sri Lanka, lost Rs501 million in the June quarter as the floods disrupted production, interim accounts filed with the Colombo Stock Exchange showed. (more…)
North Korea is known for many things, but a watering hole it wasn’t — until now.
On Friday, the Communist country’s capital of Pyongyang played host to its first ever beer festival which saw 800 attendees turn up to join in the festivities. (more…)
United Breweries’ June quarter net earnings increase 20.4% because of double-digit growth in eastern and southern markets at 18% and 13%, respectively. (more…)
