SINGAPORE: Asia Pacific Breweries (APB) saw net profit fall 7.4 per cent to S$123.7 million for the year ended September.

The profit was achieved on the back of a 12 per cent increase in sales to almost S$2 billion.

APB attributed the positive performance to strong demand for its beers in the region.

The company has recommended a final net dividend of 18 cents per share, which brings total net dividend for the year to 32 cents per share. - CNA/vm