To: TobagoJack who wrote (60604 ) 3/2/2005 1:40:55 AM From: elmatador Respond to of 74559 InBev Profit Jumps 42% on Brazilian Acquisition While < competitors Heineken NV and Carlsberg A/S, cutting costs and pursuing acquisitions in emerging markets to tackle waning demand for beer in Europe, where sluggish economies and bans on indoor smoking have led consumers to spend less time and money in pubs and bars. The Belgian company's beer sales fell 2.3 percent in Western Europe last year.> This is the problem Jay! When you don't have freedom, your rights can be cut left and right! It is not fun to be a young lad in that continent! InBev Profit Jumps 42% on Brazilian Acquisition (Update2) March 2 (Bloomberg) -- InBev NV, the world's second-largest brewer, said annual profit climbed 42 percent after the Belgian company stepped up expansion in developing markets by acquiring Latin America's biggest beermaker. Net income rose to 719 million euros ($946 million) from 505 million euros in 2003, the brewer of Rolling Rock and Stella Artois said today in a statement. Last year's profit includes four months' earnings from AmBev, the Brazilian brewer that Leuven, Belgium-based InBev bought for $11.2 billion. Sales increased 22 percent to 8.57 billion euros. InBev, like competitors Heineken NV and Carlsberg A/S, is cutting costs and pursuing acquisitions in emerging markets to tackle waning demand for beer in Europe, where sluggish economies and bans on indoor smoking have led consumers to spend less time and money in pubs and bars. The Belgian company's beer sales fell 2.3 percent in Western Europe last year. ``InBev offers growth potential at all levels: Volume growth from emerging markets, a strengthened product mix from the development of international brands and operational improvements from synergies and restructuring,'' Philippe Rochez, an analyst at KBC Securities in Brussels, wrote in a note to investors on Monday. KBC has an ``outperform'' rating on the stock. InBev, which trails Anheuser-Busch Cos. in size, completed its purchase of AmBev, whose full name is Cia. de Bebidas das Americas, in August 2004 to gain a foothold in Brazil, home to about 172 million consumers, and five more of the world's seven fastest-growing beer markets. The company also said today that it expects further profit growth ``in 2005 and beyond.'' InBev's shares have gained 25 percent in the past 12 months. Anheuser-Busch's have declined 11 percent.