BREAKING NEWS

Brazil brewer Ambev posts 9.7% drop in third-quarter profit

Brazil brewer Ambev posts 9.7% drop in third-quarter profit
FILE PHOTO: The AmBev (Companhia de Bebidas das Americas) logo is pictured in their unit in Fortaleza, Brazil January 10, 2019. REUTERS/Paulo Whitaker -
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PAULO WHITAKER(Reuters)
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SAOPAULO (Reuters) – Brazilian beverages firm Ambev SA <ABEV3.SA> on Friday posted a 9.7% fall in third-quarter net profit, as sales volumes were stagnant overall while costs of goods sold and general expenses rose.

The Latin American unit of Anheuser Busch InBev <ABI.BR> reported net income of 2.604 billion reais ($644.51 million), versus a consensus estimate of 2.537 billion reais compiled by Refinitiv.

(Reporting by Gabriela Mello; editing by Jason Neely)

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