News / 

News Summary: AB InBev's Q3 profit rises 31 pct

By The Associated Press | Posted - Oct 31st, 2013 @ 9:56am



(AP) - LESS BEER, HIGHER PRICES: Anheuser-Busch InBev, the world's largest brewer, says its third-quarter profit rose as the takeover of new brands and higher selling prices offset the impact of lower sales volumes.

THE DETAILS: The company, based in Leuven, Belgium, said Thursday that net profit was up 31 percent to $2.37 billion (1.73 billion euros), from $1.81 billion in the same period last year. The gain largely reflects the company's $20 billion purchase in June of the 50 percent of Mexico's Grupo Modelo it didn't already own.

HOT BRANDS: Among the best performing brands were its flagship Budweiser beer, which increased global sales by 8.1 percent, and Corona, up 3.7 percent.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

The Associated Press

KSL Weather Forecast

Updated: Monday September 24, 2018 6:41 pm