Business

InBev profits hit by lower sales

Budweiser bottles
Image caption The brewer's best-known brands include Budweiser, Becks and Stella Artois.

Brewing giant Anheuser-Busch InBev has reported a fall in third quarter profits after its beer sales declined in North America and Western Europe.

The Belgium-based firm made a net profit of $1.43bn (£893m) in the three months to the end of September, down 7% on a year earlier.

Revenues were 5% lower at $9.3bn euros, as total beer sales declined 0.5%.

Sales in Western Europe fell 5%, and those in the US and Canada lost 1.5%. However, sales in Brazil rose 12.5%.

Sales were also strong in China and Russia, up 8.1% and 8% respectively.

AB InBev said trading conditions were "challenging" in North America and Western Europe as many consumers faced "economic pressures".

The company's best-known brands include Budweiser, Becks and Stella Artois.

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