United Breweries Q3 net dips over 4% at Rs 28 cr

United Breweries Q3 net dips over 4%
Country's leading brewery (beer) and alcoholic beverages company, United Breweries Ltd. (UBL), said it witnessed a dip of 4.02 per cent in the net profit for the third quarter ended December 31, 2011 at Rs 28.62 crore.

The company had posted a net profit of Rs 29.82 crore during the same period a year ago, said United Breweries in its filing to the Bombay Stock Exchange on February 7, 2012.

Besides, the total income of the company increased by 61.5 per cent to Rs 1,011.87 crore during Q3 FY12, as compared to Rs 626.54 crore during Q3 FY11.

Meanwhile, during this quarter, the firm merged United Millennium Breweries Ltd (UMBL), Millennium Beer Industries Ltd (MBIL), UB Nizam Breweries Pvt Ltd (UBN) and Chennai Breweries Pvt Ltd (CBPL) into UBL, the company said.

The company also merged Scottish & Newcastle India Pvt Ltd (SNPIL) into UBL. After amalgamation, it will issue over 84.89 lakh fully paid equity shares of UBL of Re 1 for over 3.22 crore fully paid equity shares of SNIPL of Rs 10 each, UBL said in a separate filing to the BSE.

The shares of the company on Thursday on BSE were trading at Rs 456.60 marginally down by 0.02%.

Dion Global Solutions Ltd

Read more about: revenue, results, united breweries, bse
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