Despite months of sweeping cost reduction measures, profits of Peru's San Juan brewing company dropped 15.8% during the first three quarters of this year. The company, owned by the Backus Group, declared US$2.2m in profits for the year to September, compared to US$2.7m during the same period of 2000. San Juan sold US$17.6m during the period, US$1.9m less than in 2000.