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Beer profits frothing up

Beer profits frothing up

ASIA Pacific Breweries, the producer of Tiger and Anchor beer, saw its Indochina profits for the May to July quarter climb 30 percent to over US$40 million compared to the period last year, according to financial statements released yesterday. Its Indochina business, including its joint ownership stale in Cambodia Brewery Ltd as well as Vietnam and Laos operations, generated 42 percent of the firm’s total $97.4 million global profits and around one-third of its worldwide $462 million revenue for the quarter, it said. Cambodia Brewery officials did not return a request for comment yesterday.

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