Budweiser Brewing Company APAC Posts Lower First Nine Months Profit

MT Newswires Live10-31

Budweiser Brewing Company APAC (HKG:1876) reported a profit attributable to equity holders of $742 million for the nine months ended Sept. 30, compared with $875 million in the prior-year period, according to a Wednesday filing with the Hong Kong bourse.

Earnings per share were $0.0558, compared with $0.0659 a year ago.

Revenue for the period was $5.10 billion, a 6.1% drop from $5.56 billion in the previous year.

The company's stocks were down 1% in recent trading.

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