Companies@UA: База компаний Украины

Moscow. July 17 (Interfax) - SUN InBev, which represents the interests of InBev in Russia, posted net losses of 380.4 million rubles in 2008 compared to 1.7 billion rubles in net profit in 2007, the company said in a report.

Sales revenue grew to 39.7 billion rubles in 2008 from 38.2 billion rubles in 2007.

The company produced and sold 19.99 million hectoliters of beer in 2008, down 12% from 2007. The decline in production is the result of the worsening economic climate in Russia and around the globe in addition to a drop in demand for beer.

SUN InBev exported 450,300 hectoliters of beer in 2008. Export revenue did not exceed 2% of total revenue. The main buyers of SUN InBev products were Kazakhstan, Kyrgyzstan, Belarus, Georgia, Germany and Baltic countries.  InBev was founded in August 2004 via the merger of Interbrew and AmBev. SUN InBev is the second largest beer producer in Russia with a roughly 20% market share. It includes eleven breweries that produce Stella Artois, Beck's, Brahma, Staropramen, Hoegaarden, Sibirskaya Korona, Klinskoye, Tolstyak and BagBeer.