Agence France-PresseApril 30, 2013 05:01
The world's leading brewer, AB InBev, said Tuesday its first quarter net profit rose but sales disappointed after a weak performance in the US and Brazil.
The company, famous for its Budweiser brand, said net profit rose 22.7 percent in the January to March period to $2.05 billion from $1.67 billion a year before.
But first quarter sales fell 1.75 percent to $9.17 billion, weaker than the $9.64 billion forecast by analysts surveyed by Dow Jones Newswires.
Sales in North America, a major market, fell by 5 percent, the company said.