July 27, 2017 / 5:18 AM / a year ago

AB InBev earnings rise despite Brazil weakness

BRUSSELS, July 27 (Reuters) - Anheuser-Busch InBev, the world’s largest beer maker, reported an increase in second-quarter earnings on Thursday as gains in Mexico and recently acquired assets in South Africa and Australia offset weakness in Brazil.

The brewer of Budweiser, Stella Artois and Corona, which makes more than a quarter of the world’s beer, saw a 1 percent increase in beer volumes and shifted consumers onto higher priced beers, resulting in a 5 percent increase in revenues.

Second-quarter core profit (EBITDA) was up 11.8 percent excluding currency shifts and on a like-for-like basis, at $5.35 billion, compared with the average forecast in a Reuters poll of $5.40 billion. (Reporting By Philip Blenkinsop; editing by Robert-Jan Bartunek)

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