News Summary: AB InBev reports lower profit

Budweiser maker AB InBev reports 4.9 percent fall in Q4 profit, bad weather to hurt in Q1 2013

Associated Press

GOING FLAT: Anheuser-Busch InBev NV, the world's largest brewer, said Wednesday that profit fell 4.9 percent in the fourth quarter due to higher financing costs, and it forecast weak first quarter sales volumes in the United States and Brazil.

PRICIER BEER: The company managed to offset a dip in sales volumes in the fourth quarter by hiking prices, leading to an 8.8 percent rise in revenue.

AMERICAN DRINKERS: Over the whole of 2012, it said sales volumes had grown in the U.S., its most profitable market, for the first time since 2008 and "market share is showing signs of stabilizing."

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