Budweiser APAC Navigates Market Challenges
Company Announcements

Budweiser APAC Navigates Market Challenges

Budweiser Brewing Co. APAC Ltd. (HK:1876) has released an update.

Budweiser Brewing Company APAC Limited reported a decrease in normalized profit and EBITDA in the first half of 2024 compared to the previous year, despite revenue management and cost efficiency efforts leading to an increased EBITDA margin. The overall volume of beer sold declined due to a sluggish market in China, although gains in South Korea and India helped mitigate the impact. The company remains committed to its strategic investments for long-term growth.

For further insights into HK:1876 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App