Compañía Cervecerías Unidas S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 06:25 am EST
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Compañía Cervecerías Unidas S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was CLP 572,607 million compared to CLP 768,362 million a year ago. Net income was CLP 41,729 million compared to CLP 46,853 million a year ago. Basic earnings per share from continuing operations was CLP 112.9 compared to CLP 126.8 a year ago.
For the full year, the company reported sales was CLP 2,565,556 million compared to CLP 2,711,435 million a year ago. Net income was CLP 105,653 million compared to CLP 118,168 million a year ago. Basic earnings per share from continuing operations was CLP 285.9 compared to CLP 319.8 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. 
