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
Best Buy Co., Inc. is offering paid time off as vaccine benefit to all its employees amid the ongoing vaccinations against coronavirus. The company also announced bonuses to its hourly employees as a gratitude for the resilience shown by them as frontline workers during the crisis. The electronics retailer said it is offering paid time off for any employee who gets a COVID-19 vaccination. Entertainment company Walt Disney Co.'s exclusive streaming service Disney+ has added more content with the addition of the Star brand which launched today on the platform across Australia, New Zealand, Canada, and Europe. Disney+ with Star also launched today in Singapore, the first market to launch with the new general entertainment brand. Off-price retailer TJX Companies, Inc. (TJX) reported Wednesday that profit for the fourth quarter plunged from last year. Both earnings per share and sales for the quarter also missed analysts' expectations. TJX's net income for the quarter plunged to $325.52 million or $0.27 per share from $984.79...
Follow RTT