News

SINGAPORE: Healthy beer volumes boost APB

Most popular

just-drinks meets Beam Suntory CEO Albert Baladi

What does the future hold for Champagne? - Focus

The just-drinks analyst returns

just-drinks speaks to Beam Suntory CEO - Part II

Lift our heads out of our drinks - Trends

MORE

Rising beer volumes across most key markets drove a jump in quarterly profits at Asia Pacific Breweries, the company said today (11 August).

The Singapore-based brewer posted a 44% leap in net profit to S$30.6m (US$19.4m) for the three months to 30 June. The Tiger Beer brewer added that, when excluding the one-off adjustment on royalties and gestation losses, net profit was up by 24% on the year.

It has proved a busy three months for APB. The brewer has expanded its presence in India, signed a beer venture with the Lao government had secured a licensing deal in Vietnam with Australia's Foster's Group.

CEO Koh Poh Tiong said: "Together, these investments will further bolster APB's overall market position in the IndoChina beer market and generate greater returns ahead."

Volumes in IndoChina leapt 20%, rose 17% in Singapore and were up 3% in Papua New Guinea.


Sectors: Beer & cider

Related Content

Molson Coors denies cannabis link to Canada beer volumes drop

Molson Coors denies cannabis link to Canada beer volumes drop...

Heineken plots Asian launch for Tecate beer - just-drinks EXCLUSIVE

Heineken plots Asian launch for Tecate beer - just-drinks EXCLUSIVE...

Heineken set for Vietnam boost as Asia optimism blooms - Analysis

Heineken set for Vietnam boost as Asia optimism blooms - Analysis...

FREE TO READ - What just-drinks said about the beer category - The review of 2017

FREE TO READ - What just-drinks said about the beer category - The review of 2017...

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?