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MT Newswires Aug 10, 4:35 AM UTC

12:35 AM EDT, 08/10/2022 (MT Newswires) -- Suntory Beverage & Food (TYO:2587)
booked a 51.5% annual rise in first-half profit attributable to owners thanks to
cost-cutting activities and revenue growth.

The beverage maker's attributable profit jumped to 48.73 billion yen ($361.2
million) from 32.16 billion yen, according to a Thursday filing. Revenue grew
12.4% year over year to 679.01 billion yen in the six months ended June 30.

From Sept. 6, the company will begin the payment of a second-quarter cash
dividend worth 39 yen per share, unchanged from the previous distribution for
2021-end.

Suntory reiterated its outlook on attributable profit of 73.5 billion yen, basic
EPS of 237.86 yen, revenue of 1.369 trillion yen, and a year-end dividend per
share of 39 yen in the full year ending Dec. 31.

Shares dropped 1% in Wednesday's afternoon trade.