Budweiser Brewing Co. APAC Ltd. (HK:1876) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into HK:1876 stock, check out TipRanks’ Stock Analysis page.