Brewer Helps Push Up Altria Profit
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Altria Group Inc. (MO.N: Quote, Profile, Research) , on Tuesday posted higher quarterly profit, as higher income from its stake in brewer SABMiller Plc (SAB.
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Interbrew said its first-half profit rose 19.9 percent and maintained its 2004 full-year targets, saying the diversity of its beer brands around the world helped smooth out bumpy markets.
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Brewer Fuller, Smith & Turner reports a sharp rise in profit after its purchase of rival beer company Gales last year.
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Molson Coors Brewing Co.   on Thursday reported that quarterly profit quadrupled, trouncing expectations, on higher pricing and volume growth, sending its shares up as much as 6.6 percent.
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Molson Inc. stock climbed nearly 4 percent in early trading Friday after the Canadian brewer and Adolph Coors Co. dramatically increased a special dividend to persuade wavering shareholders to approve their proposal to create a $6 billion brewer.
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SABMiller, the brewing company, said Thursday that its first-half profits rose 28 percent compared with the first half of the previous year.
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Anheuser-Busch Cos. said Wednesday that third-quarter profit rose 3 percent, helped by higher international sales and its acquisition of Harbin Brewer Group.
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Wolverhampton & Dudley Breweries sees a 13.2% rise in profit as it benefits from the fine summer weather.
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Restaurateur's shares shoot up on news of increased profitability.
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The brewing company posted a higher quarterly profit, driven by stronger shipments of beer in the U.S., higher prices and demand for its imports.
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SYDNEY Foster&#39;s Group, Australia&#39;s biggest maker of beer and wine, said Tuesday that full-year earnings rose 73 percent after the company sold its pubs unit.
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SABMiller PLC, the world's second-largest brewer by volume, said Thursday that strong sales helped net profit more than double in the first half of the fiscal year.
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The company raises earnings guidance, boosting the stock.
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Anheuser-Busch Cos. Inc. reported a slight rise in third-quarter earnings Wednesday, despite a general slowdown in its beer business.
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Profits at mining group Xstrata more than double, boosted by acquisitions and rising metals prices.
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Fourth-quarter profit surged at Alcan Inc.   on higher aluminum prices, the company said on Wednesday.
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Anheuser-Busch Cos Inc  said on Wednesday quarterly profit rose nearly 11 percent as the nation's largest brewer sold more beer at higher prices.