Aug 1 (Reuters) - Brazilian brewer Ambev ( ABEV )
reported a 5.6% decline in second-quarter net profit, just below
forecasts, although it said sales rose slightly, especially in
its home market and cost discipline measures had paid off.
The subsidiary of the world's largest brewer by volume
Belgium's Anheuser-Busch InBev posted a profit of 2.45
billion reais ($433.05 million), versus 2.50 billion real based
on analysts polled by LSEG.
While core profit was below expectations, earnings before
interest, tax, depreciation and amortisation (EBITDA) grew by
10% to 5.81 billion reais, beating a consensus forecast of 5.54
billion.
Total volumes rose 0.4%, led by Brazil and Central America
and the Caribbean, where sales of beer and non-alcoholic
beverages were resilient.
The parent company AB InBev also reported on Thursday,
beating core-profit expectations.
Analysts said the industry is returning to normality after
the disruption of the pandemic, although earlier this week
Diageo was among those to say challenges persisted because of
lingering inflationary pressures.
($1 = 5.6575 reais)