United Breweries climbs over 5% post Q4 results

Shares of United Breweries advanced over 5%in early trade on Friday after the company on Thursday posted over 13-fold jump in its standalone net profit at Rs 90.88 crore for the fourth quarter ended March 2018 led by strong volume growth. It had reported a net profit of Rs 6.73 crore in the same quarter last year.

The scrip was trading 5.50% up at Rs 1,245 at around 9.25 am (IST). Shares of the company opened at Rs 1221.25 and touched a high and low of Rs 1248.55 and Rs 1211, respectively, in trade so far.

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