Quinenco has posted a massive rise in H1 net profit. The Chilean holding company has seen net income for the first six months of 2005 rise to CLP38.91bn (US$73m) from CLP8.6bn in the corresponding period a year earlier, securities regulator SVS said earlier this week.

Sales at the company, which shares control of Chile's largest brewer and beverage company Compania Cervecerias Unidas, were up to CLP214.21bn from CLP195.59bn in the first six months of 2004.

Quinenco is controlled by the Luksic family.