Compania Cervecerias Unidas (CCU) has posted a steep rise in Q3 net profit. The Chilean brewer said yesterday (3 November) that net profit in the third quarter totalled CLP5.215 bln (US$8.65 mln), up 23.7% year-on-year.

Net sales for the period stood at CLP94.625 bln, a rise of 4.9% year-on-year, while operating profit rose by 5.8% to CLP8.034 bln. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at CLP17.88 bln, up 1.4%.

For the nine-month period from January to September this year, net sales were up by 7.8% on the same period last year, reaching CLP292.385 bln.

Net profit, on the other hand, is down a massive 40.4% year-on-year at CLP21.839 bln.