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AB InBev Q3 profit drops 7.2 percent

AB InBev Q3 profit drops 7.2 percent

Brewer Anheuser-Busch InBev has posted a 7.2 percent decline in net profit for its third quarter due to asset sales last year.
AB InBev says net profit fell to $1.43 billion from $1.55 billion a year earlier. Sales also fell to $9.32 billion from $9.76 billion.
The company said Tuesday its volumes remained mostly stable, as growth in Brazil, China and Russia offset drops in Western Europe and the United States.
The Belgium-based brewer last year sold several units to finance its acquisition of Anheuser-Busch. AB InBev's brands include Budweiser, Stella Artois and Beck's.


Updated : 2021-02-28 00:05 GMT+08:00