APAC: Budweiser Brewing Company APAC reports decline in nine-month profit

Budweiser Brewing Company APAC Limited on October 30 reported nine-month period profit attributable to equity holders of Bud APAC of $594 million, down from $742 million last year.

Normalized profit attributable to equity holders of Bud APAC was $678 million or 5.13 per share, compared to $777 million or $5.89 per share last year.

Revenues for the nine-month period dropped 6.6% to $4.691 billion from $5.104 billion last year. In the period, total volumes decreased by 7.0%.