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United Breweries (Holdings) slumps after net loss in Q3

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Capital Market

United Breweries (Holdings) lost 5.06% to Rs 26.25 at 15:21 IST on BSE after the company reported a net loss of Rs 3.55 crore in Q3 December 2013 as against net profit of Rs 38.92 crore in Q3 December 2012.

The Q3 result was announced after market hours on Tuesday, 11 February 2014.

Meanwhile, the S&P BSE Sensex was up 82.95 points or 0.41% at 20,446.32.

On BSE, so far 85,000 shares were traded in the counter as against average daily volume of 2.10 lakh shares in the past one quarter.

The stock hit a high of Rs 28.30 and a low of Rs 26 so far during the day.

 

The stock had underperformed the market over the past one month till 11 February 2014, sliding 22.87% compared with the Sensex's 1.9% fall. The scrip had also underperformed the market in past one quarter, declining 9.34% as against Sensex's 0.62% fall.

United Breweries (Holdings)'s net sales rose 30.6% to Rs 135.02 crore in Q3 December 2013 over Q3 December 2012.

United Breweries (Holdings) is the flagship holding company of the UB Group, through which the promoters and the promoter group hold their stakes in the various companies which comprise the UB Group.

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First Published: Feb 12 2014 | 3:23 PM IST

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