Business

SAB Miller's profits lifted by emerging markets

Can of Grolsch, a SAB Miller brand
Image caption Grolsch is one of SAB Miller's main brands

Brewing giant SAB Miller has seen its annual profits rise 24% thanks to increased sales in emerging markets and cost savings.

The London-based company made a pre-tax profit of $3.6bn (£2.2bn) in the year to 31 March, up from $2.9bn a year ago.

SAB Miller said sales growth was "particularly good" in China, India and across Africa.

Its sales in Europe were down 3%. The firm's annual group-wide revenues rose 7% to $28.3bn.

Meyer Kahn, SAB Miller chairman, said: "Brand equities and sales execution drove profitable volume growth, and while we maintained focus on cost management, we continued to increase investment behind our local and international brand portfolios."

More on this story

Related Internet links

The BBC is not responsible for the content of external Internet sites