Asia Pacific Breweries has announced attributable profits before extraordinary items of $50.2m, up 25.6% on a year-on-year basis. The company achieved the results despite discontinued revenue from divested liquor retail and agency businesses in New Zealand and soft drinks in Papua New Guinea.

The company is controlled by Asia Pacific Investments an equal joint venture between Singapore-based Fraser and Neave and Heineken. It has a portfolio of over 20 brands in the region including two internationally renowned beer brands, Heineken and Tiger.

APBL recently introduced three new brands and brand extensions into regional market; Amstel in Thailand, Reeb light in Shanghai and Gold Crown in Cambodia.