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
American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until March 31 in response to lower travel demand due to the coronavirus pandemic. This means that travelers are provided additional flexibility by not asking them to pay penalties for changing the origin and destination cities. Lancaster Foods LLC has recalled certain conventional processed butternut squash items citing the potential to be contaminated with Listeria Monocytogenes, the U.S. Food and Drug Administration said. The products recalled included Autumn Medley, Butternut Squash Noodles, Butternut Squash Planks, Squash Noodle Medley, Butternut Squash Chunks, and Veggie Rice Blend in various measures. Amazon.com Inc. has offered to help the newly sworn-in US President Joe Biden with speedy delivery of Covid-19 vaccines across the United States amid the ongoing pandemic crisis. The e-commerce giant, whose majority of workers are in the frontline of the pandemic, reiterated its request to prioritize its essential workers to receive the vaccines at the earliest appropriate time.
Follow RTT