UPDATE: AB InBev Q3 Net Profit Up 20%

Anheuser-Busch InBev NV

reported a 20% rise in its third-quarter net profit. AB InBev's quarterly net profit surged to $2.21 billion, from $1.84 billion, in the year-ago period. Its revenue rose 3% to $11.73 billion, while volumes in Brazil declined 5%. AB InBev shares closed at $103.24 yesterday.