SFBT Continues Its Upward Trend with a 3.9% Increase in Revenue for Q3 2024
The SFBT has announced a revenue of 267,294 Mtnd for the third quarter of 2024, representing a 3.9% year-over-year increase. The local market has seen stability in sales of carbonated beverages (60,864 Mtnd) and a 4.8% improvement in beer sales, reaching 189,504 Mtnd. As for exports, carbonated beverage sales have almost doubled to 7,315 Mtnd, while beer exports have risen to 2,194 Mtnd.
Since the beginning of the year, the total revenue has reached 634,385 Mtnd, with 427,968 Mtnd coming from beer sales on the local market and 160,040 Mtnd from carbonated beverages. Declines have been observed in the export of beers and other products, including juices and mineral water.
The company has maintained its investment pace, with a total envelope of 21,209 Mtnd over the first nine months of the year.
These figures confirm that SFBT is heading towards a new high-quality fiscal year. Since the beginning of the year, the stock's performance has been around 11.16%. Compared to the financial sector, which is under significant fiscal and regulatory pressure, SFBT is not only a defensive investment but also a secure one. We believe the stock still has potential and will appreciate further in the coming months.
