RUSSIA: Sun Interbrew narrows Q1 net loss
Sun Interbrew has narrowed its Q1 net loss on the back of a healthy rise in revenue. The Russian brewing company said yesterday that its net loss for the first quarter to 31 March narrowed to €1.8m from €7.1m last year.
Revenue for the company leapt by 61% to €133.6m, as the volume of beer sold increased by 49% to 3.9m hectolitres.
Sun Interbrew's earnings before interest, tax, depreciation and amortization rose to €17.2m from €7.6m, while EBITDA margin increased to 12.9% from 9.1%.
Loss per share, basic and diluted alike, narrowed to €0.02 from €0.10.
The company said that it will continue to pursue volume growth and expects to outperform the market in 2004. While it plans to place emphasis on cost control, it sees an increase in raw material and distribution costs.
The global roll-out of InBev's Brazilian beer, Brahma, adds a third premium brand to the global brewer's international portfolio but some observers have suggested it's an unnecessary step which threat...
SUN Interbrew is looking to relinquish its stake in Pivoindustriya Primorya....
Interbrew UK has poached two marketing managers from rival brewers....
Interbrew is to place a £1m support package behind its Czech brand Staropramen in the UK....
InBev has announced that the deadline for the receipt of acceptances for the recommended offers of US$33.41 for the remaining Class A (non-voting) shares in SUN Interbrew, along with Class A Securitie...
SUN Interbrew is looking to buy into a Siberian brewer, according to local press reports....
Interbrew UK has announced plans to launch a new speciality beer....
InBev has extended the deadline for the receipt of acceptances for the recommended offers of USD33.41 in cash for the remaining shares and Securities that it does not already own in SUN Interbrew (SIL...
- Why Scotch must drop the 'malts good, blends bad'
- Pernod's mood darkens over India - Analysis
- Does alcohol accelerate the onset of dementia?
- Cognac is back - is Remy Cointreau ready?
- Soft drinks is losing the recycling game
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Scotch sales set to soar, despite recent struggles
- Pernod Ricard posts solid YTD sales jump - results
- Pernod Ricard YTD fiscal-2017 sales performance
- Cognac needs innovation at bottom end - Pernod
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Myanmar - ISA Country Report
- Flavoured Powder Drinks in 2017: Confronting an Ageing World