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.
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