United Breweries quarterly net plummets 87%
Source: IRIS | 18 May, 2017, 08.42AM
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| Rating: NAN / 5 stars. |
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United Breweries announced a substantial drop in standalone net profit for the quarter ended March 2017. During the quarter, the profit of the company declined 87.21% to Rs 67.00 million from Rs 524.00 million in the same quarter previous year. Revenues for the quarter rose marginally 2.71% to Rs 25,620.00 million, compared with Rs 24,945 million for the prior year period. Earnings per share for the quarter stood at Rs 0.25, registering 87.37% decline over previous year period. | Quarterly Results - Standalone (Rs in mn) | | As at | Mar - 17 | Mar - 16 | %Change | | Revenues | 25,620.00 | 24,945.00 | 2.71 | | Net Profit | 67.00 | 524.00 | (87.21) | | Diluted EPS | 0.25 | 1.98 | (87.37) |
Shares of the company declined Rs 5.6, or 0.69%, to settle at Rs 805.10. The total volume of shares traded was 35,167 at the BSE (Wednesday).
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