Friday, 25 May 2018

United Breweries soars 5% after strong Q4FY18 result

United Breweries was up nearly 5% in morning trade after the company posted a standalone adjusted net profit of Rs90.9cr for Q4FY18. The company's standalone revenue in the period stood at Rs1,469.3cr, up 32.0% yoy and 22.7% qoq. United Breweries (UBL) reported that net revenue in the quarter jumped 32% to Rs1,469.3cr, 9% ahead of estimates. Gross margin for the quarter expanded by 151bps yoy to 52.8%. EBITDA jumped 105.9% yoy to Rs208.2cr, 16% above estimates.

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