Compania Cervecerias Unidas has posted flat net profit for last year despite rising sales.

The Chilean drinks company said earlier this week that net profit for 2005 was up by 2.4% on 2004, coming in at CLP48.2bn (US$93.15m) from CLP47bn a year earlier.

Sales for the period increased by 13.5% to CLP256.34bn, with operating profit also rising, by 9.3% to CLP66.47bn, the Chilean securities regulator SVS noted.

CCU produces beer, soft drinks, water and nectars, and performs well historically in Chile and Argentina.