CCU Reports Beer Sales Up But Wine Sales Down

Chilean beverage firm Compañía Cervecerías Unidas (CCU) has reported that its total volume sales in the third quarter of 2008 were up by 11.4% compared to the same period a year ago. This translated into a 12.6% increase in revenues in real terms and stemmed mainly from the strong performance of the firm's beer division in both Argentina and Chile. While the wine unit performed weakly in the face of falling international demand on the back of reduced consumer

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