Compañía Cervecerías Unidas S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:48 pm EST
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Compañía Cervecerías Unidas S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CLP 686,677 million compared to CLP 684,106 million a year ago. Net income was CLP 9,499 million compared to CLP 17,226 million a year ago. Basic earnings per share from continuing operations was CLP 25.7 compared to CLP 46.6 a year ago.
For the nine months, sales was CLP 1,992,949 million compared to CLP 1,943,073 million a year ago. Net income was CLP 63,923 million compared to CLP 71,315 million a year ago. Basic earnings per share from continuing operations was CLP 173 compared to CLP 193 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. 
