SINGAPORE: Asia Pacific Breweries toasts strong full-year
Asia Pacific Breweries has posted a strong set of full-year figures.
The joint venture between Heineken and Fraser & Neave said ealrier this week that operating profit for the year to the end of September registered an increase of 17% on the corresponding period a year earlier, reaching SGD269.5m (US$185.5m). The lift came on the back of growing sales, which were up by 17% to SGD1.8bn.
Net profit followed suit, climbing by 20% to SGD138.3m.
"APB achieved strong organic profit growth amidst a healthy regional economy," said company CEO, Koh Poh Tiong. "Our ongoing strategy to expand our business, enhance the equity of our brands, and continually enlarge the global footprint of Tiger beer have once again delivered robust top line growth."
Particular mention was saved for the Cambodian, Laotian and Vietnamese markets - IndoChina - who collectively were APB's largest profit contributor. Volume growth of 11% in New Zealand came "in spite of the intense competition and a flat beer market", the company noted. APB's export market delivered double-digit volume growth, thanks in part to a "robust" global distribution network and on-going marketing focus on the company's Tiger beer brand.
A final dividend of SGD0.18 per share will be paid on 22 February next year. This follows the interim dividend of SGD0.14, paid earlier this year.
APB has interests in 32 operational breweries in 11 countries. The company noted that this will extend to 35 breweries in 12 countries early next year, with the opening of new breweries in China, Laos and India.
Asia Pacific Breweries (APB) has today (8 May) announced the appointment of Lee Meng Tat, formerly deputy regional director for China, to the position of regional director, China from 1 May....
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