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AB InBev profit jumps 26 percent

AB InBev profit jumps 26 percent

August 11th, 2011 in News

BRUSSELS (AP) - Anheuser-Busch InBev says net profit for the second quarter jumped 26 percent as the world's largest brewer sold more beer and soft drinks.

AB InBev said Thursday that net profit rose to $1.45 billion from 1.15 billion a year earlier.

Revenue increased 8.5 percent to $9.52 billion from $9.17 billion.

The Leuven, Belgium-based company said it managed to increase sales volumes compared to last year, even though the year-earlier quarter was boosted by the football Wold Cup.

The company, which was created when InBev bought America's Anheuser-Busch in 2008, said the weak dollar was driving up the value of its debt but helped profit figures.