E-Malt.com News article: 236

Anheuser-Busch, the largest brewery in the world has presented excellent financial results for the first quarter of 2002 year . This presentation was made at the annual meeting of shareholders in St. Charles, Missouri by the company’s Chairman of the Board and President August A. Busch III

One of the most significant piece of news that was communicated by the corporation’s President to the shareholders was the announce about a 15% increase of earnings per share realized by the company . Moreover Anheuser-Busch reported impressive growths of its profit margins that also could not disappoint its stockholders . Thus, for the first quarter of 2002 the American giant succeeded to boost its gross profit margin by 220% and has obtained an increase of 90% for its operating profit margin.

The American Brewer managed as well to increase significantly its domestic and external sales . Domestic sales ( to-retailers ) for the first quarter of 2002 were boosted by 2.1 while the sales-to-wholesalers have increased by 1.4 %over the same period last year. As a result of an important growth in its external sales, the net income for international market increased by 64 % reaching the value of $107.5 million.


29 April, 2002