February 27, 2020 / 11:11 AM / a month ago

Brazil beverage giant Ambev hits quarterly profit estimates

SAO PAULO/RIO DE JANEIRO, Feb 27 (Reuters) - Brazilian beverages firm Ambev SA on Thursday posted a 21.8% rise in fourth-quarter net profit, meeting analysts’ estimates, as total sales volume and top-line revenue grew.

The Latin American and Canadian unit of Anheuser Busch InBev said net income reached 4.219 billion reais, effectively in line with a consensus estimate of 4.211 billion reais ($960 million) compiled by Refinitiv.

$1 = 4.39 reais Reporting by Gabriela Mello and Gram Slattery; editing by David Evans

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