Brazil's Ambev organic net profit grows in Q3 despite volume dip
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Oct 31 (Reuters) - Brazilian brewer Ambev SA on Tuesday reported a lower than expected third-quarter net profit of 20.32 billion reais ($4.03 billion)
However, when compared to the same period last year, the company's net profit grew 19.3% organically, despite volumes decreasing by 2% year-on-year.
Analysts expected net revenue of 21.220 billion reais ($4.21 trillion), based on a Refinitiv data. ($1 = 5.0460 reais) (Reporting by Natalia Siniawski, Editing by Louise Heavens)
