AB InBev profit gains as Latin America offsets weak United States

Image
Reuters BRUSSELS
Last Updated : May 09 2018 | 11:15 AM IST

BRUSSELS (Reuters) - Anheuser-Busch InBev, the world's largest brewer, reported a rise in first-quarter core profit on Wednesday as growth in most of Latin America offset a decline in its largest market, the United States.

The maker of Budweiser, Stella Artois and Corona said EBITDA (earnings before interest, tax, depreciation and amortization) increased by 6.6 percent to $4.99 billion, in line with the average forecast in a Reuters poll of $4.98 billion.

(Reporting by Philip Blenkinsop; editing by Robert-Jan Bartunek)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: May 09 2018 | 11:02 AM IST

Next Story