The company's profit rose from $29m, which was significantly less because of the costs associated with InBev's takeover of Anheuser-Busch. The integration of Anheuser-Busch and InBev is now complete, they said.
The brewer was also forced to cut costs amid declining beer sales in light of the economic downturn.
Revenue rose 3.7 per cent to $9.3bn.
The company, however, remains cautious and said it is focused on cutting its $54bn debt pile.
The group added that beer sales were "relatively resilient" and that they are the market leaders in Brazil and the US.
