“Challenging” UK, US but InBev still up in Q2

The Belgium-based brewer has reported a strong showing in its second quarter, despite “challenging conditions” in both the UK and US.

Sales in the period rose by 7.6% in value
terms to EUR3.7bn, and by 5% in volume terms to 68m hectolitres.
The Belgium-based brewer said that
operating profit for the three months to the end of June leapt by 19.8% on the
corresponding quarter a year earlier, reaching EUR964m (US$1.31bn). yNet profit
in the quarter was up by 21% on Q2 2006, hitting EUR477m.
Separately, InBev said it will begin a
EUR300m share buyback programme, which will run until October next year.