APB Posts Profit And Revenue Gains After Tough Year

Singapore-based beer giant Asia Pacific Breweries (APB), the joint venture company of Singapore's Fraser & Neave and Dutch behemoth Heineken, has announced solid results for the financial year ending September. Faced with demand weakness on the back of a severe economic slowdown and a slide into recession in key geographic operating segments (see chart), APB's revenue and profit before exceptional items growth of 2.1% to SGD2.04bn (US$1.47bn) and 19.7% to SGD158mn (US$114.2mn) can be viewed as a

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