AmBev has high of 3.6% in the third quarter profit

São Paulo – the beverage company Ambev had adjusted net income of about 3.2 billion dollars in the third quarter, an increase of 3,6% on the performance presented in the same period in 2015.
The company showed cash generation as measured by earnings before interest, taxes, depreciation and amortization (Ebitda) of about 4 billion reais from July to September, a drop of almost 20% in annual comparison.
The group, which includes the world''s largest brewer AB InBev, reported that no longer hopes to achieve stable net revenue target in Brazil this year "given the weak industry volume environment and a difficult comparison base of revenue/HL with the fourth quarter of 2015".
Ambev said it still anticipates that the cost of products sold in Brazil, its main market, grow among "one digit and digit high average in the year", something around 5 to 9% and that the General and administrative expenses in the country pile in "low single digits" this year.
The Group''s investments in Brazil should end the year at minor level of 2015. In the first nine months of the year, Ambev has invested in the country 1.4 billion reais.