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This is an archive article published on August 2, 2011

United Breweries (H) Q1 net dips 76%

United Breweries (Holdings) said its net profit declined by 75.80 per cent to Rs 1.88 cr.

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United Breweries (Holdings) on Tuesday said its net profit declined by 75.80 per cent to Rs 1.88 crore for the first quarter ended June 30,2011,over the same period previous fiscal.

The company had posted a net profit of Rs 7.77 crore for the same period last financial year,United Breweries (Holdings) said in a filing to Bombay Stock Exchange (BSE). The company’s net sales rose to Rs 70.03 crore for the first quarter,as against Rs 57.76 crore in the same period previous fiscal.

Shares of United Breweries (Holdings) on Tuesday closed at Rs 130 on BSE,down 2 per cent from the previous close.

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