InBev Profits Up Thanks To Growth In Belgium


This is despite declining sales in the US and Brazilian markets.

Net profits at the brewer of Stella Artois and Jupiler rose to €2.2bn in the three months to the end of June, up from €1.7bn a year ago but fell slightly short of analyst estimates of €2.3bn. Beer sales reached €14.5bn, compared with €13.4bn last year.

The brewer said bad weather and high petrol prices for a decline in US beer volumes. Sales in Brazil also fell. In Europe there was a steep fall in sales in UK but stonger performance in Belgium and Germany.

A high point for the company was strong growth in Asia with a 12% surge in sales in China.