Brazil brewer Ambev posts 9.7% drop in third-quarter profit

Reuters

Published Oct 25, 2019 11:04

Brazil brewer Ambev posts 9.7% drop in third-quarter profit

SAO PAULO (Reuters) - Brazilian beverages firm Ambev SA (SA:ABEV3) on Friday posted a 9.7% fall in third-quarter net profit, as sales volumes were stagnant overall while costs of goods sold and general expenses rose.