Chile brewer CCU H1 profits up 36 pct on sale gain

Thu Aug 6, 2009 12:49pm EDT
 
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* Profit up 35.7 pct, mostly on sale of part of unit

* Revenue up 2.3 pct

SANTIAGO, Aug 6 (Reuters) - Chile's largest brewer, CCU (CCU.SN) (CCU.N), said its profits rose 35.7 percent in the first half of the year from the same period a year ago.

CCU said late on Wednesday profits rose to 64.551 billion pesos ($122 million) in the first six months of the year due mostly to the sale of part of a business unit.

The brewer, which has operations in Chile and Argentina, said its consolidated revenue rose 2.3 percent to 373.379 billion in the first half of the year. ($1=529.07 Chilean pesos at the end of June) (Reporting by Antonio de la Jara; Writing by Alonso Soto; Editing by Phil Berlowitz)

 

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