AB InBev earnings rise despite lower beer sales

BRUSSELS, July 29 Wed Jul 31, 2013 1:10am EDT

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BRUSSELS, July 29 (Reuters) - Anheuser-Busch InBev, the world's largest beer maker, reported a greater-than-expected increase in second-quarter earnings on Thursday despite selling less beer.

The maker of Budweiser, Beck's and Stella Artois said in a statement that its core profit (EBITDA) rose 5.8 percent on a like-for-like basis to $3.895 billion.

That compared with the $3.78 billion figure expected in a Reuters poll of 11 brokers and banks.

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