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Tiger brewer roars ahead on earnings
Asia Pacific Brewery – the brewer of Tiger, Anchor and ABC stout – saw its share price rise by 1 percent to S$18.20 (US$14.02) over the last week of Singapore trading, while releasing its 12 month results on Friday.
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| A Tiger beer brewery stands in Singapore. Indochina sales have soared over the last year |
The firm claimed results from Indochina, including Cambodia as well as Laos and Vietnam, constituted more than half its overall profits.
The brewery generated S$242 million operating in Indochina over the last year, up 47 percent on the previous year.
Although it did not separate results for the three countries, it pointed to Vietnam as being particularly strong.
Competitor Carlsberg A/B, the 50 percent owner of Cambrew Ltd, closed out the week at 559 krone (US$107.29), about 6.5 percent lower than its Monday open in Copenhagen trading.
The firm had claimed strong sales in Cambodia in its third quarter update released on Tuesday, but overall results came in below some analysts’ predictions. Cambrew is the Sihanoukville-based brewery behind Angkor, Bayon and Klang beers
Phnom penh post
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