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Q4 profits jump, but Anheuser-Busch InBev remains cautious
Anheuser-Busch InBev, the world’s largest brewer and maker of Budweiser, has posted a Q4 profit of $1.28 billion, up from $29m last year, after a series of cost cuts and price hikes. But the firm said global beer sales were stagnant and were unlikely to rebound in 2010.
AB InBev sold 0.7% less beer and soft drinks in 2009 during the economic downturn and said that demand was currently neither growing nor shrinking. “We see no improvement in the operating environment today,” said chief financial officer Felipe Dutra.
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