DB sells more RTDs but profit down

Selling more Ready-To-Drink brands meant DB Breweries sold more alcohol in the December quarter but profit dropped 28 percent, according to its parent company Asia Pacific Breweries.

The company's financial announcements show its New Zealand arm, which it took full ownership of in 2004, made a $16.8 million profit before interest and tax for the three months to December 31, a 46 percent drop on the same period last year.

Full Story