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United Breweries reports 24.1% rise in net profit

United Breweries total income fell 12.7% to Rs.838.7 crore for the third quarter
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First Published: Wed, Feb 06 2013. 08 44 PM IST
Vijay Mallya, chairman of United Breweries. Earnings of the previous financial year included numbers related to certain UB businesses that were merged into UBL, maker of Kingfisher beer. Photo: Mint
Vijay Mallya, chairman of United Breweries. Earnings of the previous financial year included numbers related to certain UB businesses that were merged into UBL, maker of Kingfisher beer. Photo: Mint
Updated: Wed, Feb 06 2013. 09 01 PM IST
Bangalore: United Breweries Ltd (UBL), the beer-making business of Vijay Mallya’s UB group, reported a 24.1% increase in net profit to Rs.33.5 crore for the December quarter, helped by lower costs. Total income fell 12.7% to Rs.838.7 crore for the quarter ended December 31.
Earnings of the previous financial year included numbers related to certain UB businesses that were merged into UBL, maker of Kingfisher beer.
UBL shares rose 0.66% to Rs.781.20 on Wednesday on the Bombay Stock Exchange. The benchmark index slipped marginally to 19,639.72 points.
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First Published: Wed, Feb 06 2013. 08 44 PM IST
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