AMBEV: Net income attributed to the controller adds up to $ 199 mm and decreases 59%

With sales affected by a weaker summer and feeling the first effects of the coronavirus pandemic on its business, Ambev recorded in the first quarter of 2020 a net profit attributed to the controllers of R$ 1.091 billion ($ 199 million), a result of 59% lower than the R$ 2.661 billion ($ 484 million) in the same period last year. Adjusted net income, on the other hand, was R$ 1.227 billion ($ 223 million), a decrease of 55.6% in the annual comparison.

Source: Agencia Estado