REUTERS/Paulo WhitakerAug 3 (Reuters) - Brazilian brewer Ambev (ABEV3.SA) on Thursday reported a 15.2% decline in second-quarter net profit, narrowly missing market forecasts.
The subsidiary of Belgium's Anheuser-Busch InBev (ABI.BR) posted profit of 2.60 billion reais ($540.34 million), below the 2.68 billion reais average estimate of analysts polled by Refinitiv.
Revenue rose 20% from the same period a year earlier to 18.9 billion reais, as cost pressures continued to ease but missing the 19.80 billion reais consensus view.
Earnings before interest, tax, depreciation and amortization (EBITDA) grew in all business units, though sales volume declined 2.2%.
"Our top-line performance remained resilient and cost pressures continued to decelerate leading to bottom-line growth," CEO Jean Jereissati said in a statement.
Persons:
Paulo Whitaker, Ambev, Jean Jereissati, Itau, Natalia Siniawski, Jane Merriman, Christopher Cushing, Tomasz Janowski
Organizations:
Bebidas, REUTERS, Belgium's Anheuser, Busch InBev, Refinitiv, Petrobras, PETR4, Thomson
Locations:
Companhia, Fortaleza, Brazil, Central America, Caribbean, Panama, Dominican Republic, Vale, VALE3