The Straits Times
www.straitstimes.com
Published on Nov 15, 2012
 

Full year profit at Asia Pacific Breweries rises by 7% to $366 million

 
 

TIGER beer maker Asia Pacific Breweries today reported a 7.2 per cent rise in net profit to $366.2 million.

Revenue for the year ended Sept 30 was up 12.6 per cent at $3.35 billion.

Underlying net profit, excluding exceptional items, rose by 30 per cent to $394.8 million.

APB incurred an exceptional loss of $28.5 million, mainly relating to the provision for impairment of Jiangsu Dafuhao Breweries Coby its joint venture company, HAPBC, amounting to $29.8 million.