July 30, 2020 / 6:17 AM / 6 days ago

AB InBev suffers sharp beer sales slide, takes charge for Africa

The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in Leuven, Belgium February 28, 2019. REUTERS/Francois Lenoir/Files

BRUSSELS (Reuters) - Anheuser-Busch InBev suffered a sharp slide in earnings and took a $2.5 billion impairment reflecting risks in Africa, but said business had improved during the second quarter, with beer sales actually rising in June.

The Belgium-based company said overall beer volumes had fallen by 17% and core profit by 34% to $3.41 billion on a like-for-like basis, better than the declines of respectively 23 and 36% in a company-compiled poll.

Reporting by Philip Blenkinsop, editing by Marine Strauss

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