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 -
Euronews logo
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.