Compañía Cervecerías Unidas S.A. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 06, 2019 at 04:47 pm EST
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Compañía Cervecerías Unidas S.A. Announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was CLP 390,249 million compared to CLP 388,349 million a year ago. Net income was CLP 8,626 million compared to CLP 19,390 million a year ago. For the nine months, sales was CLP 1,244,469 million compared to CLP 1,232,682 million a year ago. Net income was CLP 75,183 million compared to CLP 88,565 million 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. 
