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CHILE: CCU sales cut Q2 loss

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Increased operating margins and lower income taxes and interest have helped Chile's leading brewer CCU cut its second quarter net loss by 65.5% this year. The company reported an April-June net loss of US$1.4m compared to a net loss of US$4.0m in the same period a year earlier. Revenues were up 10.6% in the period to US$110.4m as volumes increased 9.1%. The company also managed to push through some price increases.


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