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.