Asahi Says First-Half Profit Beats Forecast, Shares Rise

  • Japan’s largest beverage co. lifts net income outlook by 44%
  • Cites higher local sales, unexpectedly strong overseas units

Asahi Group Holdings Ltd., Japan’s biggest beer maker by market value, advanced the most in five months after it said net income in the first half probably beat its forecast by 44 percent on strong sales of non-alcoholic beverages in its home market and better-than-expected performance overseas.

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