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Brazil brewer Ambev posts higher-than-expected Q1 net profit

May 8 (Reuters) - Brazilian brewer Ambev SA reported a higher-than-expected first quarter net profit of 3.80 billion reais ($748.86 million) on Wednesday, down 0.4% from a year earlier as sales volumes only grew 0.1% over that period.

Analysts had expected a net profit of 3.44 billion reais, according to Refinitiv data. ($1 = 5.0744 reais) (Reporting by Natalia Siniawski; Editing by Andrew Heavens)