The New Zealand brewer DB Breweries Ltd – the country’s number two beer maker – today said its net profit after tax had risen 25% for the first half of the year, ending March 31st.
Net profit after tax reached NZ$16.8m (US$9.5m), with sales up 6.6% and earnings before interest and tax jumping 10% to NZ$23.4m.
Managing Director Brian Blake saying that despite a highly competitive market DB’s brands in New Zealand – Heineken, Monteith’s and Tui – had maintained double-digit growth.
Asia Pacific Breweries, a joint venture by Singapore’s Fraser & Neave and Holland’s Heineken, holds around 77% of DB Breweries.
