The world's biggest brewer Anheuser-Busch InBev on Tuesday posted increased second-quarter profits, but logged a fall in the key measure of its earnings. On the Brussels stock exchange at around 0800 GMT, the company's shares were trading down nearly 4.0 percent. The company logged profits of $1.961 billion (1.6 billion euros), as against $1.45 billion for the same period one year earlier, well ahead of expectations among analysts polled by DowJones. However, earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to $3.594 billion dollars from $3.747 billion a year earlier. Falling US wholesale deliveries and rising distribution costs in the United States were cited by the company. Sales also fell slightly, to $9.871 billion from $9.952 billion, although sales of key brand Budweiser rose by 1.0 percent with regional big brands in China and Brazil also growing.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor