CHILE: CCU volumes rise in H1
Chilean beverage giant Compania Cervecerias Unidas (CCU) has reported a 4% rise in volume sales for the first half of 2009.
Volumes rose by 4% to 7.8m hectolitres for the first six months of 2009, CCU said in a trading update this week. Volume sales also rose by 4% in the second quarter.
Beer volumes in Chile rebounded in the second quarter, rising by 4%, but the lift was not enough to prevent an overall 1% dip for CCU in the country for the six months.
Star performers in the quarter were beer sales in Argentina, which rose by 16% by volume, as well as wine sales in the country, which rose by 24%. Chilean wine exports by volume increased by a third for the half-year.
In soft drinks, CCU reported an 8% rise in fruit beverages sales by volume for the six months, compared to the same period last year.
Full first-half results will be released in the first week of August, CCU said.
Chilean beverage giant Compania Cervecerias Unidas (CCU) has posted a 51.6% increase in profits for the first nine months of the year, boosted by a stake sale to Nestle Waters and negative inflation....
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