Chile's largest brewer, Compañía Cervecerías Unidas (CCU), has said that volumes have increased by 12% in the first nine months of its financial year.

Total drinks volumes for the nine months rose to 10.2m hectolitres, while third quarter volumes rose 11.3% to 3.4m hl, said the group, which also produces wine, mineral water and soft drinks.

CCU has licence agreements with some of the drinks industry's biggest players, including Heineken, Anheuser-Busch, Nestle and PepsiCo.

Beer was CCU's best performer in the third quarter, increasing volumes by 46% in Argentina and 6.6% in Chile. The firm's wine and spirits businesses suffered decline during both the quarter and the first nine months of the year, it added.

The group said it planned to release its full third quarter results at the end of October.