Page last updated at 06:13 GMT, Thursday, 13 August 2009 07:13 UK

ABInbev profits jump after merger

Stella beer dispensers
ABInbev sells various beer brands around the world

Brewing giant ABInBev has reported a strong growth in profits as the impact of the merger late last year of Anheuser-Busch and InBev is felt.

Profit between April and June was $1.07bn (£648m), a 28% rise on the $836m posted in the same period a year earlier. Half-year profits rose 48%.

Revenue grew just 1.4%, as cost savings from the merger drove profitability.

"We have strong operating momentum going into the second half of 2009," said the group's head Carlos Brito.

He did, however, acknowledge that "many challenges remain."

The brewer saved $315m in the second quarter of 2009 as a direct result of the merger, and will continue to reduce debt levels, he added.

The Belgium-based brewer InBev announced last November that it had sealed a $52bn (£31.5bn) takeover of the US's Anheuser-Busch, to create the world's largest brewer.

Anheuser is best-known for brewing Budweiser - the most popular beer in the US - while InBev is known for Stella Artois and Beck's.

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