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AB InBev Revenues Up

Tue, 07/31/2012 - 12:46pm

BRUSSELS (AP) — Anheuser-Busch InBev NV, the world's biggest brewer, says its second-quarter revenues rose by 4.7 percent despite a slight decrease in the volumes of sales.

The company said on Tuesday that volumes in its global brands Budweiser, Stella Artois and Beck's, grew 2.0 percent. Sales among the company's regional brands including Harbin and Sedrin in China, Antarctica and Brahma in Brazil, and the Bud Light in the United State, grew by one percent.

AB InBev also announced Tuesday half-year net profits of $3.65 billion, up 34 percent on the same period last year.

In the U.S., sales slid by 2.1 percent "in the quarter due to planned adjustments to our shipping patterns," the report said.

Ever since Leuven, Belgium-based InBev bought U.S.-based Anheuser-Busch in 2008, the company has been trying to get consumers to trade up to its premium brands in order to boost its profit margins.

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