DB Breweries Ltd today reported a rise in annual profits. The company posted a 12.5% rise in net profit after tax for the year to September to NZ$25.4m (US$15,5m). The brewer, whose brands include Heineken, Monteith’s and Tui, declared a dividend of 20.5 cents per share.
Managing director Brian Blake said that New Zealanders are drinking more, especially premium brands, and credited attractions like quiz nights in suburban bars for the profit rise.
Asia Pacific Breweries, a joint venture by Singapore’s Fraser & Neave and global brewing giant Heineken, holds around 77% of DB Breweries.
