INQUIRER.net: Budweiser brewer earnings fall on taxes, financing

INQUIRER.net Philippine News for Filipinos

Budweiser brewer earnings fall on taxes, financing Jul 31st 2013, 09:48 AMSTERDAM— Budweiser maker Anheuser-Busch InBev SA saw its second quarter earnings fall by nearly a quarter due to higher taxes and higher financing costs.   The world's largest brewer said Wednesday that its net profit during the period was $1.50 billion (1.13 billion euros), or $0.93 per share. That was down from $1.94 billion, or $1.21 per share in the same period a year ago. The fall came despite a 1.9 percent increase in revenues to $10.6 billion, on a mix of higher prices and lower volumes.   The Leuven, Belgium-based company noted that the volume decline — 1.2 percent from a year ago —was less severe than in the first quarter, when its Brazilian operati... Keep on reading: Budweiser brewer earnings fall on taxes, financing Media files: amsterdam-map.jpg (image/jpeg)

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