CCU Reports Rising Sales For 2009 But Difficult Q4

Chilean beverage firm Compañía Cervecerías Unidas (CCU) has reported rising revenues in 2009 on the back of an increase in volumes and prices. In the 12 months to the end of December 2009, net sales increased by 9.3% to reach CHP776bn, while operating profits increased by 11% to CHP137.4bn. However, the firm's results also point to a market that became increasingly difficult as the year progressed, with CCU's operations in Chile and Argentina deteriorating in

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