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Brazil's Ambev earned US$816 million as reported profit fell 10.2%, while normalized profit rose 14.3% and a share buyback was approved. The post Brazil Brewer Ambev Profit Falls 10% appeared first on The Rio Times .
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.
Revenue rose 0.2 per cent to ₹9,197 crore, but EBITDA fell 27.9 per cent as higher fuel, logistics and packaging costs weighed on profitability amid seasonal demand weakness
Higher sales of communication equipment, computer peripherals and personal electronics drove the beat.
Production also declined 4.5% to 989,168 vehicles.
Stronger industrial output, energy consumption, port traffic, GST collections and auto sales support the growth outlook, while inflation, energy price volatility and geopolitical tensions pose risks
The first in a pair of Charles Asubonten's groundless and unsuccessful cases against Naked Capitalism's reporting.
Share Market Investment: Businesses linked to the government's Make in India push, defence and energy security could offer opportunities.
