SAB - Results beat amid beer sales recovery and Tet campaign - Earnings Flash
  • 2022-01-26T00:00:00
  • Company Research

SAB released 2021 results, in which revenue and NPAT-MI fell 6% YoY and 22% YoY, respectively. These declines were mainly caused by COVID-19’s disruptions to beer consumption in Q3 2021 and spiking advertising and promotion (A&P) expenses. 

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