Updated from 1:43 a.m. EST

BRUSSELS ( TheStreet) -- Anheuser-Busch InBev ( BUD), the world's biggest brewer and maker of Budweiser beer, said fourth-quarter earnings soared as beer volumes rose.

Earnings in the quarter were $1.28 billion, or 81 cents a share, vs. year-earlier earnings of $29 million, or 3 cents a share.

Revenue rose 4% to $9.29 billion, while organic growth was 5.1%. In the fourth quarter, total volumes increased 1%, with own beer volumes up 0.8%.

Fourth-quarter earnings before interest, taxes, depreciation and amortization rose 11.5% to $3.1 billion.

AB InBev said the integration of Anheuser-Busch is "essentially complete," adding it saw savings of $235 million in the fourth quarter from the merger of InBev and Anheuser-Busch in 2008.

The brewer also said "the disposal program is behind" it and its focus will now turn to growing its core business.

-- Reported by Joseph Woelfel in New York.

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