By market, in Brazil, which represents 55.8% of its turnover, the company had revenues of US$ 6,048 million, 6.5% more than in September.

Brazilian brewer Ambev has cut its net profit for the first nine months of the year by 5.5% compared to the same period last year, leaving it with profits up to September of more than 9.556 billion Brazilian reals (US$ 1.656 billion).

According to the company's report on Thursday, total sales have grown by 4.5% year-on-year, to 62.417 billion Brazilian reals (US$ 10.821 billion). Meanwhile, costs reached 31.091 billion reals (US$ 5.390 billion), which is 3.7% higher than the figure recorded a year ago.

By market, in Brazil, which represents 55.8% of its turnover, the company had revenue of 34.886 billion Brazilian reals (US$ 6.048 billion), 6.5% more than in September. In Central America it had revenue of 7% and in South America 0.8% more. In contrast, revenue fell 0.6% year-on-year in Canada.

Gross operating profit (EBITDA) was 19.409 billion Brazilian reals (US$ 3.365 billion), 6% higher than in the same period of the previous year. The EBITDA margin increased by 0.5 percentage points to 31.1%.

Operating income rose to 14.326 billion Brazilian reals (US$ 2.483 billion), 6.9% more than in the same period of the previous year.

Ambev CEO Jean Jereissati stressed that its commercial performance generated consistent revenue growth and normalized EBITDA grew in the single digits with margins expanding once again.