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Budweiser APAC's Q2 Profit Rises; Shares Jump 9%

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Budweiser Brewing Co. APAC (HKG:1876) posted $247 million in second-quarter attributable net profit, up from $175 million a year earlier.

Revenue came in at $1.68 billion, unchanged from a year prior, according to a Thursday filing with the Hong Kong Exchange.

For the six months ended June 30, the brewery reported $473 million in attributable profit, up from $409 million in the year-ago period. Earnings per share increased to $0.0357 from $0.0310.

Half-year revenue rose to $3.17 billion from $3.14 billion.

Shares of Budweiser APAC gained over 9% in recent trade.

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