SANTIAGO, Chile (AP) — SANTIAGO, Chile (AP) — Compania Cervecerias Unidas (CCU) on Wednesday reported first-quarter profit of $55.8 million.

On a per-share basis, the Santiago, Chile-based company said it had net income of 30 cents.

The wine, spirits and soft drink company posted revenue of $796.8 million in the period.

Cervecerias Unidas shares have increased slightly more than 1% since the beginning of the year. The stock has dropped 26% in the last 12 months.

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