SABMiller reports higher profits on emerging markets

SABMiller

Last Updated at 23 Oct 2014, 06:16 ET *Chart shows local time SABMiller intraday chart
price change %
3341.50 p -
-21.00
-
-0.62

Related Stories

Brewing giant SABMiller has said that profits improved, driven by growth in emerging markets.

Pre-tax profit in the six months to September rose 12% to $2.28bn (£1.4bn), boosting the shares by 6%.

"We have recently seen moderation of economic growth in some countries," SABMiller said.

In terms of earnings before tax and other costs, Europe fell 10% to $516m. But the Asia-Pacific region surged to 265% to $506m.

Last year, SABMiller bought Fosters for $10.3bn, a deal which gives it almost half of the Australian beer market.

Against the backdrop of a declining UK beer market, where total beer volumes fell by 4.6% to the end of September, SABMiller said its UK volumes rose by 5% - led by strong sales of Peroni Nastro Azzurro.

Volumes of Kozel, a 4% Czech pilsner launched in the UK in 2010, also doubled.

The group's portfolio includes Pilsner Urquell, Miller Genuine Draft and Grolsch. It is one of the world's largest bottlers of Coca-Cola products.

More on This Story

Related Stories

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

More Business stories

RSS

Features & Analysis

Elsewhere on the BBC

  • FutureThe future is now

    Get the latest updates and biggest ideas from BBC Future’s World-Changing Ideas Summit

Programmes

  • A virtual girlfriendClick Watch

    Using the latest tech to find friends on a night out and meet a virtual girlfriend

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.