Colombia: Bavaria first-half net revenues rose 12.3%
Colombian brewer Bavaria posted net profit July 31 of 168.6 billion pesos ($64 million) for the first half of 2006 as lower costs helped it reverse a loss of 38.2 billion pesos in the same period last year, Reuters released August 01.
The unit of London-based SABMiller said in a statement that net revenue rose 12.3 percent from a year earlier to 1.36 trillion pesos (516.5 million).
Sales volumes rose 7.9 percent in the first semester from a year earlier thanks to a stronger Colombian economy and more investment in its brands.
In the first quarter of 2006, the company - which said its results were also helped by recent exchange rate fluctuations - had posted a loss of 31.05 billion pesos. ($1 = 2,633 pesos)
뒤로
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .
