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Name | Symbol | Market | Type |
---|---|---|---|
Anheuser Busch Inbev SA NV | NYSE:BUD | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.18 | -0.30% | 59.71 | 60.24 | 59.53 | 59.97 | 1,251,655 | 00:02:15 |
By Ian Walker
Anheuser-Busch InBev SA (ABI.BT), the world's largest brewer by sales, on Thursday reported a significant rise in fourth-quarter net profit after booking lower costs, and said it expects to deliver strong growth for the year ahead despite a softer first quarter due to stronger comparatives.
The maker of Budweiser, Stella Artois and Corona made a net profit for the quarter ended Dec. 31 of $3.04 billion compared with $400 million a year earlier, on revenue that rose to $14.60 billion from $14.20 billion.
Total volumes sold rose 1.6% in the quarter to 146 million hectoliters, with own-beer volumes 2.3% higher at 126.8 million hectoliters.
Normalized earnings before interest, taxes, depreciation and amortization--the company's preferred profit measure which strips out exceptionals and other one-off items--rose 21% to $6.19 billion.
The board has declared a final dividend of 2 euros ($2.44) a share, taking the total payout for the year to EUR3.6 a share.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
March 01, 2018 01:38 ET (06:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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