DB annual profit gains 8% as brewer fattens margins on flat revenue

Fri, 09 Jun 2017

By Paul McBeth June 9 (BusinessDesk) - DB Breweries, whose managing director Andy Routley this week announced his exit, lifted annual profit 8 percent in 2016 as the country's second-biggest liquor company fattened gross margins in the face of largely flat revenue. The local liquor company owned by Dutch brewing giant Heineken reported net profit of $27.1 million in calendar 2016, up from $25.1 million a year earlier, financial statements lodged with the Companies Office show. Revenue rose 2.7 percent to $499.9 million, recovering some g...

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