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

Published 25/10/2019, 11:04
Updated 25/10/2019, 11:09
Brazil brewer Ambev posts 9.7% drop in third-quarter profit

SAO PAULO (Reuters) - Brazilian beverages firm Ambev SA (SA:ABEV3) 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 (BR:ABI) reported net income of 2.604 billion reais ($644.51 million), versus a consensus estimate of 2.537 billion reais compiled by Refinitiv.

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