Oct 31 (Reuters) - Brazilian brewer Ambev ( ABEV )

reported an 11% drop in third-quarter net profit on Thursday, in

line with market forecasts, driven by higher tax outlays in its

home market.

The subsidiary of Anheuser-Busch InBev, the world's

largest brewer by volume, posted a profit of 3.57 billion reais

($619.5 million), while volumes slipped 0.6%.

"We remain focused on executing our commercial strategy and

are confident in our preparedness for the summer season in South

America", the company said.

Ambev's ( ABEV ) volumes in Brazil rose 1.3%, driven by a 3.4%

increase in non-alcoholic drinks, led by health and wellness

brands like Gatorade and Red Bull. Premium and super premium

beer brands, including Corona, Spaten, and Original, saw a

slight increase of 0.6%.

In South America, the overall 7.7% decline was influenced by

inflation in Argentina, which negatively impacted consumer

demand. However, positive performances in Bolivia and Chile

provided some offset.

Earnings before interest, tax, depreciation and amortisation

(EBITDA) grew by 7% to 7.06 billion reais, slightly surpassing

consensus forecast of 7.03 billion reais.

The brewer announced in August that Carlos Eduardo Lisboa

would become its chief executive next year, replacing Jean

Jereissati Neto who is moving to lead the company's Middle

Americas unit.

($1 = 5.7624 reais)