Brazil brewer Ambev posts higher-than-expected Q1 net profit

Ambev SA

08/05/2024 07:01

May 8 (Reuters) - Brazilian brewer Ambev SA  ABEV3.SA 
reported a higher-than-expected first quarter net profit of 3.80
billion reais ($748.86 million) on Wednesday, down 0.4% from a
year earlier as sales volumes only grew 0.1% over that period.
    Analysts had expected a net profit of 3.44 billion reais,
according to Refinitiv data.


($1 = 5.0744 reais)

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