CHILE: CCU net income falls but volumes up
The Chilean brewer CCU said yesterday that its 2004 net income had fallen per American Depositary Receipt compared to last year.
The brewer announced in a statement that net income in 2004 decreased 18.1% to US$1.28 per American Depositary Receipt, when compared with the previous year.
However, CCU said that 2004 was still a positive year with record volume sales of 11.3m hectolitres. Revenues and operating income were also records.
EBITDA reached US$177m.
In a statement the company added that it refinanced its long-term debt. This had been achieved through a new US$100m syndicated loan and a bond issue of about $60m.
Sectors: Beer & cider
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