Brazil, Sao Paulo: Brazilian brewer Schincariol has recently announced that during 2004 it sold 14.3 million hl of beer and had registered a gross revenue of BRL2.55 billion (US$938.8 million). Operating profit was BRL83m, with EBITDA totalling BRL162m. Schincariol sold 16.4% of all beer in Brazil last year, top executive Adriano Schincariol said. However, according to data from AC Nielsen, the brewer had a market share last year of just above 13%. Schincariol blames Nielsen saying that the numbers issued by Nielsen do not accurately reflect the local market �because they underestimate beer sales in Brazil's distant and relatively poor northern and north-eastern regions�, according to press reports.