On Thursday, Shares of Ambev S.A. (NYSE:ABEV), lost -0.18% to $5.59.
Ambev declared its results for the 2015 second quarter. The following operating and financial information, unless otherwise indicated, is presented in nominal Reais and prepared according to International Financial Reporting Standards (IFRS), and should be read together with our quarterly financial information for the six-month period ended June 30, 2015 filed with the CVM and presented to the SEC.
Operating and Financial Highlights
Top line performance: During the quarter we delivered 10.3% of net revenue growth, driven by top line enhances in all of our markets (Brazil +3.8%, CAC +14.0%, LAS +45.7% and Canada +3.5%). Merged volumes declined 3.4%, mainly due to a very difficult 2014 FIFA World Cup comparable base in Brazil (volumes down 7.9%), which was partially offset by growth in CAC (+13.5%), LAS (+7.1%) and Canada (+1.6%). On the other hand, net revenue per hectoliter (NR/HL) was up by a solid 14.2% driven by our revenue administration initiatives, a strong benefit of premium mix across all of our operations and the higher weight of direct distribution in Brazil. Year to date, our merged top line is up 12.5%.
Ambev S.A., through its auxiliaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. The company operates through Latin America North, Latin America South, and Canada segments.
Shares of Verizon Communications Inc. (NYSE:VZ), inclined 0.24% to $46.67, during its last trading session.
Verizon and Swisscom are extending their partnership to take the two companies’ co-operation to a full decade of service. A newly declared, three-year extension to Swisscom and Verizon’s 2008 partnership agreement will enable the continued provision of improved global service and support capabilities to Swiss multinational companies and companies with operations in the Swiss market.
The Swisscom and Verizon alliance offers Swisscom customers with multinational operations seamless access to Verizon’s expansive global network and solutions. Verizon’s customers with operations in the Swiss market benefit from Swisscom’s extensive local market expertise, dense infrastructure and customer service organization. Working together, Swisscom and Verizon offer customers a consistent, high-quality experience and a comprehensive suite of voice and data services, thanks to a worldwide, streamlined service offering counting integrated networks, convergent services, security, seamless processes and comprehensive customer services.
Verizon and Swisscom are also planning to leverage their joint capabilities to deliver innovative next-generation solutions such as Software Defined Networking and Hybrid networks to customers, enabling enterprises to redefine their network infrastructure to be more responsive to their own users, customers and market opportunities. The two companies are also extending the service portfolio accessible to customers, with new offerings now counting managed local area network (LAN) and wireless LAN solutions, business Wi-Fi, managed wide area network (WAN) optimization and Verizon Secure Cloud Interconnect.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Finally, Cheniere Energy, Inc. (NYSEMKT:LNG), ended its last trade with 3.04% gain, and closed at $70.16.
Cheniere Energy through its partner, Cheniere Marketing International LLP, has reached a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Central El Campesino, under which Central El Campesino would purchase about 0.6 million tonnes per annum (“mtpa”) of LNG delivered ex-ship for 20 years startning in 2019 from the Corpus Christi Liquefaction Project presently under construction near Corpus Christi, Texas.
Central El Campesino is developing a 640 MW gas-fired combined-cycle power plant in Chile which is predictable to provide power into Chile’s Central Interconnected System (SIC). In the December 2014 power auction, Central El Campesino won a bid to sell about 480 MW to local distribution companies (LDC’s), which would underpin the construction of the power plant. The LNG would be delivered, stored and regasified at the projected floating storage regasification unit (FSRU), Penco Lirquén LNG Terminal.
Biobiogenera Executive Director Juan José Gana said “this SPA means certainty about the future of electricity supply for consumers, who recently experience problems due to the high level of prices that affect them, and which limits the development opportunities of the country.”
Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business.
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