Compañía Cervecerías Unidas S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 05:10 pm EST
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Compañía Cervecerías Unidas S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CLP 684,106 million compared to CLP 622,730 million a year ago. Net income was CLP 17,226 million compared to CLP 42,168 million a year ago. Basic earnings per share from continuing operations was CLP 46.6 compared to CLP 114.1 a year ago.
For the nine months, sales was CLP 1,943,073 million compared to CLP 1,662,364 million a year ago. Net income was CLP 71,315 million compared to CLP 125,520 million a year ago. Basic earnings per share from continuing operations was CLP 193 compared to CLP 339.7 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.
COMPAÑÍA CERVECERÍAS UNIDAS S.A. 
