23 Oct 2020 | 2:52 AM

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COMPANYNEWS
United Breweries Ltd Q1 net profit down 25.86% at Rs 164.54 cr
  United Breweries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-14-2019
The company reported standalone net profit of Rs 164.54 crore for the quarter ended June 30 2019 as compared to Rs 221.92 crore in the same period last year registering a year-on-year decline of 25.86 per cent.


Net revenue of the company rose moderately by 9.79 per cent at Rs 2048.53 crore in April-June quarter of this fiscal as against Rs 1865.91 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 17.34 per cent to Rs 1719.59 crore from Rs 1465.50 crore in year ago period.


Other Income dipped by 79.32 per cent at Rs 3.16 crore versus (Jun`18 Rs 15.28 crore).


Operating Profit slipped by 17.85 per cent to Rs 328.94 crore as against Rs 400.41 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 25.16 per cent in June quarter.


Interest declined by 16.70 per cent y-o-y to Rs 7.68 crore while Taxation decreased by 24.97 per cent at Rs 90.67 crore (Jun`18 Rs 120.84 crore).