Compañía Cervecerías Unidas S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 27, 2020 at 06:05 am EST
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Compañía Cervecerías Unidas S.A. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was CLP 578,072 million compared to CLP 550,601 million a year ago. Net income was CLP 54,959 million compared to CLP 60,967 million a year ago. Basic earnings per share was CLP 148.7 compared to CLP 165 a year ago. For the full year, sales was CLP 1,822,541 million compared to CLP 1,783,282 million a year ago. Net income was CLP 130,142 million compared to CLP 149,532 million a year ago. Basic earnings per share was CLP 352.2 compared to CLP 404.7 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.