AmBev has posted a healthy rise in net profit for its third quarter.

The Brazil-based unit of brewing giant InBev, announced today (9 November) that net profit for the three-month period was up by 21.8% year-on-year, coming in at BRL486.1m (US$226m). The increase came on the back of a 10.9% climb in net revenues, to BRL4.33bn.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 18% in total to BRL1.82bn.

The results covered the Brazilian business, Hispanic Latin America and Labatt in North America.

Separately today, Inbev confirmed that AmBev is try to purchase the remaining shares it does not yet own in Latin American unit Quinsa. AmBev indirectly owns approximately 97% of the voting interest and approximately 91% of the economic interest in Quinsa.