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Anheuser-Busch Inbev Profits From Price Rises

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Anheuser-Busch InBev (AB), the world's largest brewer, has reported a rise in profits as price rises helped to offset falling demand in the US.

Net profit for the second quarter was $1.45bn (£895m), up 26% on the $1.15bn the company made a year earlier. Revenue rose 8% to $9.95bn.

The owner of Budweiser and Stella Artois said US sales were hit by bad weather. Sales in Brazil also fell.

But volumes in Asia grew sharply, with beer sales in China up 12%.

"China has over the last couple of quarters turned into quite a good story for them," said Wim Hoste at KBC Securities.

Falling sales in the recovering US.

Does Bud already have a big market share in China or is the 12% up from a very small base?

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