LOGO
LOGO

Corporate News

Ambev Q4 Profit Grows - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Brazilian brewer Companhia de Bebidas Das Americas. (ABV), or Ambev, posted 22.6% higher fourth-quarter normalized profit attributable to Ambev holders of R$3.73 billion, versus last year's R$3.05 billion, with normalized earnings per share rising 22.2% to R$1.19, from R$0.98 in the 2011 period.

For the recent quarter, profit attributable to the company's holders improved 22.7% year-over-year to R$3.72 billion, from R$3.03 billion.

Quarterly net revenue reached R$10.13 billion, up from R$8.38 billion a year back.

Looking ahead, the company expects net revenues per hl in Brazil to grow high-single digits for the year 2013 driven mainly by the carry over of its 2012 pricing, and continued benefits from higher weight of premium brands and direct distribution.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19