Revenue declined by 39 percent, driven by the decline in volumes. Revenue in China declined by 45.4 percent driven by a volume drop 46.5 percent and revenue per hl growth of 2 percentEarnings per share was -0.05 US cents. Since mid-March, business has been improving consistently week-over-week, driven by the recovery in China and South Korea. Available cash and cash equivalents accounted to more than US$900 million at the end of April 2020. Normalized EBITDA declined by 68 percent and normalized EBITDA margin was 17.9 percent, the brewer said.-The Standard

Source: The Standard May 07, 2020 02:26 UTC