CHILE: CCU records $2.8m accoutancy loss on Argentine operations
Compania Cervecerias Unidas (CCU), Chile's leading brewer, will record the equivalent of a US$2.8m accounting loss on its 2001 financial statement because of the devaluation in Argentina. Chilean companies with operations in Argentina have in recent weeks been submitting filings with the Chilean securities regulator, or the SVS, detailing the effect of Argentina's devaluation on January 6th on balance sheets.
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