Budweiser brewer AB Inbev sees Sharp profit drop

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The maker of Budweiser and Stella Artois beer says its first quarter
net profit slumped by almost 24 percent despite rising sales volumes.

AB InBev SA, the largest global brewer, said Wednesday net profit fell
to $1.4 billion in the January through March period from $1.8 billion
in the same quarter a year earlier.

The company says revenues rose to $10.6 billion from $9.2 billion last
year. In the United States its beer sales grew by 2 percent to 27,000
hectoliters, representing about a quarter of global sales.

The company based in Leuven, Belgium, says it expects the World Cup
tournament starting in June to provide a boost to its sales in the
host country Brazil but also "in many of our markets around the


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