Budweiser Brewing APAC's (HKG:1876) attributable loss narrowed to $16 million in the fourth quarter of 2024 from $23 million in the year-ago period, according to a Tuesday filing with the Hong Kong stock exchange.
The brewery's revenue fell 11% to $1.14 billion from $1.29 billion a year earlier. Analysts at Visible Alpha also estimated revenue at $1.14 billion.
The company declared a final dividend of $0.0566 per share. The payment and record dates are yet to be announced.
Budweiser APAC plans to "reconnect with market share growth" in mainland China and digitize its route-to-market scheme in the country and in South Korea while enhancing the Indian premium segment.
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