LUXEMBOURG: Quilmes Industrial -Quinsa- S.A. announces 2000 third quarter and nine month results

By Company Press Release | 15 November 2000

Quilmes Industrial (Quinsa) S.A. (NYSE:LQU; "Quinsa" or the "Company") yesterday announced that for the three months ended September 30, 2000, net income increased 37 percent to US$ 21.4 million, or US$ 0.198 per share, compared to US$ 15.6 million, or US$ 0.146 per share for the third quarter in 1999. Earnings per share for the quarter are calculated on the basis of 108,150,089 shares for 2000 and 106,568,750 shares for 1999, reflecting the recent increase in capital used to acquire 11.75 percent of Buenos Aires Embotelladora S.A.'s ("BAESA") capital. For the nine months ended September 30, 2000, net income was US$ 47.4 million, or US$ 0.438 per share, compared to US$ 52.4 million, or US$ 0.492 per share in 1999. Earnings per share for the first nine months are calculated on the same basis as for the third quarter.

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Quilmes Industrial (Quinsa) S.A. (NYSE:LQU; "Quinsa" or the "Company") yesterday announced that for the three months ended September 30, 2000, net income increased 37 percent to US$ 21.4 million, or US$ 0.198 per share, compared to US$ 15.6 million, or US$ 0.146 per share for the third quarter in 1999. Earnings per share for the quarter are calculated on the basis of 108,150,089 shares for 2000 and 106,568,750 shares for 1999, reflecting the recent increase in capital used to acquire 11.75 percent of Buenos Aires Embotelladora S.A.'s ("BAESA") capital. For the nine months ended September 30, 2000, net income was US$ 47.4 million, or US$ 0.438 per share, compared to US$ 52.4 million, or US$ 0.492 per share in 1999. Earnings per share for the first nine months are calculated on the same basis as for the third quarter.

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