Originally published at www.seclive.com
Anheuser-Busch InBev NV (NYSE:BUD) announced its second quarter financial results, reporting a 7.3% increase in revenue from $9.87B to $10.59B. Net profit for the Belgium-based brewer rose from $1.94B a year ago to $7.46B, bolstered by a $6.31B gain from an accounting adjustment related to its acquisition of Grupo Modelo, the brewer of Corona, for $20.1B in June. Volume in North America fell 1.8% from the same quarter last year but was still an improvement from one quarter earlier. The company reported similar volumes in North Latin America, including Brazil, with a 1.5% decline from the same quarter last year but an improvement from first quarter. Anheuser-Busch financial results in Brazil were also buoyed by the Confederations Cup, the prelude to next year's World Cup, which will also be held in Brazil.
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