Brazilian sales drive AmBev profit increase

on 04/11/10 at 10:46 pm

Industry

Cia. de Bebidas das Americas, or AmBev, has reported a 47 per cent increase in third-quarter profits, those concerned with beer industry research have been told.

The company, which is the Brazilian unit of Anheuser-Busch InBev NV and is Latin America’s largest brewer, said that net income rose to 1.82 billion reais (£665 million) from 1.23 billion reais at the same period last year, Bloomberg reported.

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