Compañía Cervecerías Unidas S.A. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
February 28, 2019 at 06:31 am EST
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Compañía Cervecerías Unidas S.A. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net sales of CLP 550,601 million against CLP 510,120 million a year ago. EBIT was CLP 87,250 million against CLP 90,193 million a year ago. Net income for the period was CLP 68,261 million against CLP 60,337 million a year ago. Earnings per share were CLP 169.7 against CLP 150.0 a year ago.
For the full year, the company reported the company reported net sales of CLP 1,783,282 million against CLP 1,698,361 million a year ago. EBIT was CLP 468,722 million against CLP 234,894 million a year ago. Net income for the period was CLP 322,085 million against CLP 148,108 million a year ago. Earnings per share were CLP 830.6 against CLP 350.8 a year ago.
Compania Cervecerias Unidas S.A. is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company's segments include Chile, International Business and Wine. The Company carries a portfolio of products, which includes a range of brands of alcoholic and non-alcoholic beer, with Cristal as its primary brand in Chile. In addition, it produces and distributes Heineken beer; distributes Sol beer and Budweiser beer, and distributes and produces Kunstmann and Austral beer in Chile. The International Business segment includes operations in Argentina, Paraguay and Uruguay. The Company, through Vina San Pedro Tarapaca S.A. (VSPT), produces and markets a range of wine products for the domestic and mainly the export market.
COMPAÑÍA CERVECERÍAS UNIDAS S.A. 
