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Brewer posts lower profit
Source: Agencies |
February 28, 2013, Thursday
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Print Edition
Print Edition
ANHEUSER-BUSCH InBev NV, the world's largest brewer, yesterday said profit fell 4.9 percent in the fourth quarter due to higher financing costs.
The maker of Budweiser said net profit was US$1.76 billion, down from US$1.85 billion in the same period a year ago.
Sales volumes in China, the company's third-largest market, grew 1.9 percent, and AB InBev said it gained market share in the fourth quarter, with Budweiser becoming the best-selling "premium" beer in the country. AB InBev expects better growth in China this year.
More than half of Budweiser sales now take place outside the United States, the company said.
The maker of Budweiser said net profit was US$1.76 billion, down from US$1.85 billion in the same period a year ago.
Sales volumes in China, the company's third-largest market, grew 1.9 percent, and AB InBev said it gained market share in the fourth quarter, with Budweiser becoming the best-selling "premium" beer in the country. AB InBev expects better growth in China this year.
More than half of Budweiser sales now take place outside the United States, the company said.
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