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.

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