14 August, 2002

The Brazilian brewing giant, AmBev, has registered positive profit tendencies for the second quarter of the current year. The company’s profit has increased almost three times if compared to the same period of the last year. The company said the success is due to the price rises and currency gains. It has registered a profit of about US$118 million, with 12% of prices rising. However, the company’s volumes suffered a 2% dip because of slow demand growth in Brazil.

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