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AB Inbev 2Q net profit rises 28 percent


Brewing brewing: see beer.  giant Anheuser-Busch InBev InBev (Euronext: INB, NYSE: ABV) is the largest beer company in the industry.[2] While its core business is beer, InBev also has a strong presence in the soft drinks market in Latin America. It employs about 86,000 people and is headquartered in Leuven, Belgium.  said Thursday its second quarter net profit rose 28.1 percent to 1.071 billion dollars, mostly due the effects of the merger.

However sales volumes dropped 1.1 percent, with those of its own beers down 1.2 percent to 93.8 million hectolitres.

"...we have strong operating momentum going into the second half of 2009, but recognise that many challenges remain," CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Carlos Brito Carlos Alfredo de Brito, GCIH (born 1933) is a Portuguese politician. He joined the illegal Portuguese Communist Party (PCP) during the fascist New State regime (1932-1974), by whom he was imprisoned.  was quoted as saying in a statement.

The Belgium-based group was created in November by InBev's takeover of Anheuser-Busch, ending the US company's roughly 150 years of independence as a premier American brewer while creating the world's largest beer company.
Copyright 2009 AFP Global Edition
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Author:AFP
Publication:AFP Global Edition
Date:Aug 13, 2009
Words:105
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