BRAZIL: AmBev Q2 net nearly triples but volumes fall
The Brazilian brewing giant AmBev this week announced a second-quarter profit that has risen nearly three times on the same figure for last year. The company said the gains were the result of price rises and currency gains. AmBev posted a second-quarter net profit of 358.7m reals (US$118m) compared to the 127.5 million reals it made in the same three-month period in 2001, with prices rising 12%.
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