Ambev’s Q2 Earnings Reflect 5.6% Drop Amid Tax Challenges

In the second quarter of 2024, Brazil’s Ambev (ABEV3) reported a net profit of R$2.452 billion ($434 million). This marks a 5.6% decline from the same period in 2023. Adjusted net profit stood at R$2.459 billion ($435 million), down 8.3%. Ambev attributed this decrease primarily to lower income tax deductibility in Brazil. This issue overshadowed […]