News

PERU: Backus sees earnings doubling in 2002

Most popular

Why brown spirits is behind low- & no-alc curve

Pernod is back in Kentucky, but why did it leave?

Anheuser-Busch InBev Performance Trends 2014-2018

How UK craft brewers are winning with Generation Z

Mainstream media is confusing spirits' consumer

MORE
Peru's only brewer, Backus y Johnston, which is at the centre of a bitter takeover battle, announced yesterday that it expects to more than double 2002 earnings from 116 million soles (US$32m) in 2001.

The increases, the company said, were due to an increase in beer sales and greater cost savings.

"(This year's profits) will be something more than double last year's ... due to better efficiency and increased sales," the president of Backus' board of directors Elias Bentin said in the press today.

Sales are expected to grow somewhere between 10% and 12% in 2002 from 865.8m soles in 2001.

Bentin said that operating efficiencies have included opening plants around the country to meet the demands of the local regions.

The brewer is subject of a takeover battle between Colombia's Bavaria and Venezuela's Cisneros Group and Venezuela's Empresas Polar. The country's market authority has been called in to investigate alleged misdoings by both sides.


Related Content

AB InBev and SABMiller - The  birth of MegaBrew - Comment

AB InBev and SABMiller - The birth of MegaBrew - Comment...

just a While Ago - On 26 June in...

just a While Ago - On 26 June in......

just a While Ago - On 24 June in...

just a While Ago - On 24 June in......

just a While Ago - On 5 June in...

just a While Ago - On 5 June in......

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?