Plus   Neg

Anheuser-Busch InBev H1 Profit Surges

Beer manufacturer Anheuser-Busch InBev (AHBIF.PK,BUD) Thursday reported that its profit attributable to equity holders for the half year surged to $6.05 billion from last year's $2.95 billion. Earnings per share rose to 3.01 cents from 1.47 cents. Normalized profit attributable to equity holders rose 23 percent to $4.99 billion.

Underlying profit for the first half totaled $3.87 billion, versus $3.86 billion a year ago.

Consolidated revenue for the six months rose 6.0 percent to $26.5 billion, with revenue per hectoliter increasing 4.2 percent, driven by the revenue management initiatives as well as continued strong premium brand performances.

Consolidated volumes grew 1.7 percent, with own beer volumes growing 1.7 percent and non-beer volumes increasing 3.4 percent, the group reported.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter Inc. on Friday unlocked the New York Post's Twitter account after a two-week stalemate over posting links to its reporting about Hunter Biden. Walmart has removed guns and ammunition from its store shelves in the U.S. as a precautionary measure following the unrest in Philadelphia after a Black man was fatally shot by police, according to reports. While the firearms will be available for purchase at the Walmart stores, customers will be required to specifically request for them. Regeneron Pharmaceuticals Inc. (REGN) said Friday that the independent data monitoring committee or IDMC for the REGN-COV2 antibody cocktail treatment trials for COVID-19 has recommended to hold further enrollment in hospitalized patients requiring high-flow oxygen or mechanical ventilation.
Follow RTT