• Half-year net sales rise 10% to CLP793.7bn (US$1.22bn)
  • Net profits in six months to end of up 5.5% to CLP64.3bn
  • Operating profits increase 14.4% to CLP101.7bn
  • Group volumes climb 5.7%
CCU sales in the first six months of 2017 rose by 10%

CCU sales in the first six months of 2017 rose by 10%

Compania Cervecerias Unidas has enjoyed a strong start to 2017, with top-line growth hitting double digits in the first half of the year.

The Chile-headquartered multi-category group said earlier this week that its sales in the six months to the end of June rose by 10%, on a near-6% lift in volumes. Domestic sales from the company, which operates in beer, cider, soft drinks, spirits and wine were up 7% "despite a weak economic environment" in the country. However, international operations - comprising units in Argentina, Uruguay and Paraguay - posted a near-43% sales jump thanks in part to favourable weather conditions in the three markets.

"We have been able to continue the positive trend, and we maintain an optimistic view regarding the medium- and long-term perspective of our economies," said CEO Jose Patricio Jottar Nasrallah. "However, we remain cautious regarding short-term macroeconomic challenges, including consumer confidence."

CCU is 60%-owned by Inversiones y Rentas, a partnership between Heineken and Chilean conglomerate Quinenco.

To read the group's official release statement, click here.