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COMPANIA CERVECERIAS UNIDAS REPORTS RESULTS FOR THE FIRST NINE MONTHS ENDED SEPTEMBER 30, 1993

 SANTIAGO, Chile, Nov. 2 /PRNewswire/ -- Compania Cervecerias Unidas S.A. (NASDAQ-NMS: CCUUY), today announced its consolidated financial results stated in Chilean GAAP (accounting for inflation and in pesos of constant value) for the first nine months ended September 30, 1993.
 Highlights include:
 -- Sales increased 15.7 percent to CH$82.9 billion (U.S.$201.7 million) compared to CH$71.7 billion in the comparable 1992 period.
 -- Operating income increased 42.2 percent to CH$18.2 (U.S.$44.3 million) compared to CH$12.8 billion in 1992.
 -- Net income grew 46.0 percent to CH$16.0 billion (U.S.$38.9 million) compared to CH$10.9 billion in 1992.
 -- Earnings per ADR increased 44.6 percent to US$0.74 compared to US$0.51 in the comparable 1992 period.
 CCU is Chile's largest producer, bottler and distributor of beer, accounting for nearly 92 percent of all beer sales by volume in 1992. CCU markets its full range of brands under 9 different brand names and its flagship brand, Cristal, is the country's most popular beer accounting for over 60 percent of all beer sales in Chile. CCU also produces, bottles and distributes a line of carbonated and non- carbonated soft drinks in Chile. CCU listed its American Depositary Receipts on NASDAQ in September 1992.
 COMPANIA CERVECERIAS UNIDAS, S.A.
 Consolidated Results, Cumulative
 for the Period Ended September 30, Chilean GAAP
 (In thousands of CH$, except per share)
 Percent
 9/30/93 Change 9/30/92
 NET SALES 82,868,220 15.65 71,654,247
 Cost of Sales (36,010,213) 8.99 (33,041,370)
 Gross Margin 46,858,007 21.35 38,612,877
 S&A Exp. (28,659,340) 11.02 (25,814,261)
 OPERATING INCOME 18,198,667 42.19 12,798,616
 NON-OPERATING RESULTS:
 Financial Income 1,060,937 284.70 275,785
 Income from
 Affiliated Companies 627 -66.40 1,866
 Other Non-Operg. Inc. 573,263 -81.33 3,070,726
 Total 1,634,827 -51.18 3,348,377
 Financial Expenses (2,258,086) -15.05 (2,658,082)
 Other Non-Operating
 Expenses (341,630) -68.07 (1,069,937)
 Monetary Correction (50,946) -39.19 (83,782)
 Total (2,650,662) -30.46 (3,811,801)
 TOTAL NON-OPERATING (1,015,835) N.M. (463,424)
 Income Before
 Income Taxes 17,182,832 39.30 12,335,192
 Income Tax
 Provision (1,211,125) -13.21 (1,395,472)
 Net Income Before
 Minority Interest 15,971,707 46.00 10,939,720
 Minority Interest (2,227) 737.22 (266)
 NET INCOME 15,969,480 45.98 10,939,454
 Shares Outstanding
 -- Sept., 30 261,394,438 N.M. 258,883,002
 Earnings Per Share 61.09 44.58 42.26
 Earnings Per ADR 305.47 44.58 211.28
 Consolidated Results, Cumulative,
 for the Period Ended September 30,
 Chilean GAAP
 (In thousands of US$, except per share)
 (Translated at CH$ 410.83 to the US$, as of 9/30/93)
 Percent
 9/30/93 Change 9/30/92
 NET SALES 201,709.27 15.65 174,413.38
 Cost of Sales (87,652.35) 8.99 (80,425.89)
 Gross Margin 114,056.93 21.35 93,987.48
 S&A Exp. (69,759.61) 11.02 (62,834.41)
 OPERATING INCOME 44,297.32 42.19 31,153.07
 NON-OPERATING RESULTS:
 Financial Income 2,582.42 284.70 671.29
 Income from
 Affiliated Companies 1.53 -66.40 4.54
 Other Non-Operg. Inc. 1,395.38 -81.33 7,474.44
 Total 3,979.33 -51.18 8,150.27
 Financial Expenses (5,496.40) -15.05 (6,470.03)
 Other Non-Operating
 Expenses (831.56) -68.07 (2,604.33)
 Monetary Correction (124.01) -39.19 (203.93)
 Total (6,451.97) -30.46 (9,278.29)
 TOTAL NON-OPERATING (2,472.64) N.M. (1,128.02)
 Income Before
 Income Taxes 41,824.68 39.30 30,025.05
 Income Tax Provision (2,948.00) -13.21 (3,396.71)
 Net Income Before
 Minority Interest 38,876.68 46.00 26,628.34
 Minority Interest (5.42) 737.22 (0.65)
 NET INCOME 38,871.26 45.98 26,627.69
 Shares Outstanding
 -- Sept., 30 261,394,438 N.M. 258,883,002
 Earnings Per Share 0.15 44.58 0.10
 Earnings Per ADR 0.74 44.58 0.51
 Third Quarter Results for the Three Month Period
 Ended September 30,
 Chilean GAAP
 (In thousands of CH$, except per share)
 Percent
 9/30/93 Change 9/30/92
 NET SALES 25,544,018 14.13 22,381,215
 Cost of Sales (12,061,832) 12.08 (10,762,002)
 Gross Margin 13,482,186 16.03 11,619,212
 S&A Exp. (9,847,469) 19.14 (8,265,175)
 OPERATING INCOME 3,634,718 8.37 3,354,037
 NON-OPERATING RESULTS:
 Financial Income 339,884 178.67 121,965
 Income from
 Affiliated Companies 278 -123.84 (1,165)
 Other Non-Operg. Inc. 372,654 -5171.43 (7,348)
 Total 712,816 528.30 113,451
 Financial Expense (751,934) -12.06 (855,061)
 Other Non-Operating
 Expense 94,221 -112.21 (771,535)
 Monetary Correction (214,388) 13.62 (188,692)
 Total (872,101) -51.96 (1,815,287)
 TOTAL NON-OPERATING (159,285) N.M. (1,701,836)
 Income Before
 Income Taxes 3,475,433 110.35 1,652,201
 Income Tax Provision (319,982) 11.55 (286,848)
 Net Income Before
 Minority Interest 3,155,451 131.11 1,365,353
 Minority Interest (1,866) -837.63 253
 NET INCOME 3,153,585 130.93 1,365,606
 Shares Outstanding
 -- Sept., 30 261,394,438 N.M. 258,883,002
 Earnings Per Share 12.06 128.71 5.27
 Earnings Per ADR 60.32 128.71 26.37
 Third Quarter results for the
 Three Month Period Ended September 30,
 Chilean GAAP
 (In thousands of US$, except per share)
 (Translated at CH$ 410.83 to the US$, as of 9/30/93)
 Percent
 9/30/93 Change 9/30/92
 NET SALES 62,176.61 14.13 54,478.04
 Cost of Sales (29,359.67) 12.08 (26,195.76)
 Gross Margin 32,816.95 16.03 28,282.29
 S&A Exp. (23,969.69) 19.14 (20,118.24)
 OPERATING INCOME 8,847.26 8.37 8,164.05
 NON-OPERATING RESULTS:
 Financial Income 827.31 178.67 296.87
 Income from Affiliated
 Companies 0.68 -123.84 (2.84)
 Other Non-Operg. Inc. 907.08 -5171.43 (17.89)
 Total 1,735.06 528.30 276.15
 Financial Expenses (1,830.28) -12.06 (2,081.30)
 Other Non-Operating
 Expenses 229.34 -112.21 (1,877.99)
 Monetary Correction (521.84) 13.62 (459.29)
 Total (2,122.78) -51.96 (4,418.58)
 TOTAL NON-OPERATING (387.71) N.M. (4,142.43)
 Income Before
 Income Taxes 8,459.54 110.35 4,021.62
 Income Tax Provision (778.87) 11.55 (698.22)
 Net Income Before
 Minority Interest 7,680.67 131.11 3,323.40
 Minority Interest (4.54) -837.63 0.62
 NET INCOME 7,676.13 130.93 3,324.02
 Shares Outstanding
 -- Sept., 30 261,394,438 N.M. 258,883,002
 Earnings Per Share 0.03 128.71 0.01
 Earnings Per ADR 0.15 128.71 0.06
 -0- 11/2/93
 /CONTACT: Luis Fernando Antunez, Chief Financial Officer of Compania Cervecerias Unidas S.A., 011-562-670-3401, or Felicia Vonella of Dewe Rogerson Inc., 212-688-6840/
 (CCUUY)


CO: Compania Cervecerias Unidas S.A. ST: IN: FOD SU: ERN

MP -- NY078 -- 9756 11/02/93 15:30 EST
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