LOEWEN (dpa-AFX) - Belgian brewer Anheuser-Busch InBev (AHBIF.PK, BUD) reported Thursday that its second-quarter profit attributable to equity holders was $1.86 billion, up from $351 million last year. Earnings per share were $0.93, up from $0.18 a year ago.
Normalized profit attributable was $1.91 billion, higher than $921 million last year. Normalized earnings per share were $0.95, higher than prior year's $0.46.
Underlying profit attributable was $1.51 billion or $0.75 per share, compared to $790 million or $0.40 per share a year ago.
Normalized EBITDA increased 31 percent.
Revenue for the quarter climbed 27.6 percent to $13.54 billion from last year's $10.29 billion, with revenue per hl growth of 5.8 percent.
Total Volumes increased 20.8 percent to 144 845 thousand hls. Own beer volumes went up by 20.5 percent and non-beer volumes up by 23.2 percent.
Looking ahead for fiscal 2021, the company continues to expect EBITDA to grow between 8-12 percent and our revenue to grow ahead of EBITDA from a healthy combination of volume and price.
Copyright RTT News/dpa-AFX
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