Budweiser Brewing Co. APAC Ltd. (HK:1876) has released an update.
Budweiser Brewing Co. APAC Ltd. reported a 6.1% decline in revenue for the first nine months of 2024, with a revenue of $5,104 million, attributed to industry challenges in China despite gains in South Korea and India. The company’s normalized profit also fell to $777 million, highlighting the impact of a tough market environment. However, the company remains optimistic about long-term growth prospects in the Asia Pacific region.
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