Union de Cervecerias Peruanas Backus & Johnston SAA (Backus) has posted a huge rise in Q3 net income. The Peruvian beverage producer said on Friday (29 October) that net sales for the three-month period hit PEN96.7m (US$29.1m), compared to PEN47.8m in the corresponding quarter last year.

Gross revenues for the quarter rose slightly to PEN262.7m from PEN259.8m last year.

The company also announced that nine-month net income for 2004 dipped to PEN152.5m from PEN192.1m in the same period last year.

The results were released in a statement to the Peruvian securities regulatory agency, Conasev.