Anheuser Busch Inbev Q1 Profit Surges

reported a strong rise in its first-quarter net profit. AB InBev's quarterly net profit rose to $2.68 billion, versus a year-ago profit of $1.37 billion. Its revenue slipped to $10.45 billion from $10.61 billion. Its core profit gained 11.1 percent to $3.97 billion on a like-for-like basis. The company's overall volumes shrank by 1.2 percent. AB InBev shares gained 3.34 percent to $121.12 in pre-market trading.