Brazil's Ambev organic net profit grows in Q3 despite volume dip

Ambev SA

31/10/2023 07:08

Oct 31 (Reuters) - Brazilian brewer Ambev SA  ABEV3.SA 
on Tuesday reported a lower than expected third-quarter net
profit of 20.32 billion reais ($4.03 billion) 
        However, when compared to the same period last year, the
company's net profit grew 19.3% organically, despite volumes
decreasing by 2% year-on-year.
  
        Analysts expected net revenue of 21.220 billion reais 
($4.21 trillion), based on a Refinitiv data.
  


($1 = 5.0460 reais)

 (Reporting by Natalia Siniawski, Editing by Louise Heavens)
 ((natalia.siniawski@thomsonreuters.com;))