* Q4 profit 3.47 bln pesos vs 3.54 bln pesos a year ago
* Revenue rises 4 pct to 24.17 bln pesos
MEXICO CITY Feb 11 Mexican brewer Grupo Modelo
, which is seeking to sell itself to beer company
Anheuser-Busch InBev, on Monday said its fourth-quarter
profit fell 2 percent despite an increase in revenue as it paid
more in taxes in the October-to-December period.
AB InBev, which agreed last year to buy the half of Modelo
it does not already own, is working with Modelo to try to
address U.S. regulators' concerns over the deal after the U.S.
Department of Justice earlier this month sued to block the sale.
The maker of Corona and Negra Modelo beers did not make any
additional comments about the progress of the deal in its
earnings statement. The company also said it would not hold a
conference call with analysts this quarter.
Modelo reported a profit of 3.47 billion pesos ($270
million), compared with 3.54 billion pesos in the fourth-quarter
a year earlier.
Quarterly revenue rose 4 percent to 24.17 billion pesos from
23.23 billion pesos a year earlier, helped by an increase in
volumes sold in Mexico and abroad.
Sales volumes in Mexico increased 2.1 percent from the 2011
fourth quarter, while the volume of beer Modelo sold abroad
increased 3.8 percent to make up 28 percent of the total volume
of beer sold in the fourth quarter of 2012.
Modelo's shares were up 0.24 percent at 112.20 pesos in