United Breweries share price falls 2.7% on weak Q4 earnings
UBL stock has fallen 17% year-to-date. However, it has risen 3.58% in one week and 14.7% in one month. The stock trades higher than 5, 20, 50 and 100-day moving averages but lower than 200-day moving averages
- Jun 25, 2020,
- Updated Jun 25, 2020 3:42 PM IST
United Breweries (UBL) share price dropped over 2% in Thursday's trade after the company posted weak results for the quarter ended March 2020.
The company reported a 39.27% decline in its consolidated net profit to Rs 41.82 crore for the fourth quarter ended March 2020 against Rs 68.87 crore during the January-March quarter of the previous financial year.
United Breweries share price fell 2.79% to the intraday low of Rs 1,022.55 against the previous close of Rs 1,051.90 on BSE. The stock has risen 4.96% in last 6 days.
The stock has fallen 17% year-to-date. However, it has risen 3.58% in one week and 14.7% in one month. The stock trades higher than 5, 20, 50 and 100-day moving averages but lower than 200-day moving averages.
Revenue from operations declined 10.40% to Rs 3,099.91 crore during the March 2020 quarter against Rs 3,459.73 crore in the corresponding period last year.
For the financial year 2019-20, the company's net profit fell 23.96% to Rs 428.29 crore as against Rs 563.31 crore in the previous year.
Asian indices set to track Wall Street fall as second wave of virus derails economic recovery hopes
United Breweries (UBL) share price dropped over 2% in Thursday's trade after the company posted weak results for the quarter ended March 2020.
The company reported a 39.27% decline in its consolidated net profit to Rs 41.82 crore for the fourth quarter ended March 2020 against Rs 68.87 crore during the January-March quarter of the previous financial year.
United Breweries share price fell 2.79% to the intraday low of Rs 1,022.55 against the previous close of Rs 1,051.90 on BSE. The stock has risen 4.96% in last 6 days.
The stock has fallen 17% year-to-date. However, it has risen 3.58% in one week and 14.7% in one month. The stock trades higher than 5, 20, 50 and 100-day moving averages but lower than 200-day moving averages.
Revenue from operations declined 10.40% to Rs 3,099.91 crore during the March 2020 quarter against Rs 3,459.73 crore in the corresponding period last year.
For the financial year 2019-20, the company's net profit fell 23.96% to Rs 428.29 crore as against Rs 563.31 crore in the previous year.
Asian indices set to track Wall Street fall as second wave of virus derails economic recovery hopes