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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
SAO PAULO, March 31 (Reuters) - Brazilian energy company Energisa Transmissao de Energia SA (ENGI11.SA) won ownership of natural gas firm ESGas at a privatization auction on Friday, buying stakes from the state government and Vibra Energia (VBBR3.SA). Energisa offered 1.42 billion reais ($280 million) for Companhia de Distribuiçao de Gas do Espirito Santo, as it is formally known, marking a 7.28% premium from its minimum fixed grant value. ESGas is responsible for the distribution of piped natural gas to more than 60,000 consumer units in the southeastern state of Espirito Santo, with residential, commercial, industrial, automotive, air conditioning and thermoelectric businesses. ($1 = 5.0744 reais)Reporting by Letícia Fucuchima; Writing by Carolina Pulice; Editing by Giles Elgood Editing by Sarah MorlandOur Standards: The Thomson Reuters Trust Principles.
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