The company also recorded a net loss after tax of $23.6m, compared with a net profit of $0.6m in the corresponding period a year earlier. The company said its business was severely affected by the adverse economic conditions in Argentina following the devaluation of the peso.
ARGENTINA: Devaluation hits Quilmes in Q2
The Argentine brewing group, Quilmes Industrial (Quinsa) SA, has posted an operating loss for the second quarter of 2002 of $4.0m, against a net profit a year earlier of $21.9m.