October 25, 2019 / 9:49 AM / a month ago

Brazil brewer Ambev posts 9.7% drop in Q3 profit

SAO PAULO, Oct 25 (Reuters) - Brazilian beverages firm Ambev SA 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.

The Latin American unit of Anheuser Busch InBev reported net income of 2.604 billion reais ($644.51 million), versus a consensus estimate of 2.537 billion reais compiled by Refinitiv.

$1 = 4.0403 reais Reporting by Gabriela Mello; editing by Jason Neely

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