APB Finds Going Tough But Posts Profit And Revenue Growth

Singapore's Asia Pacific Breweries (APB) had a mixed first quarter as weakened consumer confidence, political uncertainty, exchange rate fluctuations and volatile input costs hit revenues and earnings in key regional markets. Nonetheless, thanks to broadly positive volume gains and a renewed commitment to cost management, the brewer managed to achieve steady revenue and profit before interest, tax and exceptional items (PBIT) growth for the three months ending

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