Brewing giant AB InBev said on Friday that net profit for the first 9-months of 2016 fell 86% to $842m, from $6bn it earned last year. Similarly, profits earned in the third quarter dropped nearly 60% to $557m, from $1.38bn in the preceding year. The company’s stock fell by as much as 6%, the most since June. The brewer put the blame on acquisition costs associated with its merger with SABMiller, unfavourable currency exchange losses, and a slowdown in Brazil, its second biggest market.