SABMiller reports higher profits on emerging markets

SABMiller

Last Updated at 01 Oct 2014, 11:36 ET *Chart shows local time SABMiller intraday chart
price change %
3383.00 p -
-45.00
-
-1.31

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

  • Cerro RicoSatanic mines

    Devil worship in the tunnels of the man-eating mountain


  • Nefertiti MenoeWar of words

    The woman who sparked a row over 'speaking white'


  • Oil pumpPump change

    What would ending the US oil export ban do to petrol prices?


  • Brazilian Scene, Ceara, in 1893Sir Snapshot

    19th Century Brazil seen through the eyes of an Englishman


Elsewhere on the BBC

  • SailingGame on

    BBC Capital discovers why certain sports seem to have a special appeal for those with deep pockets

Programmes

  • European Union's anti-terrorism chief Gilles de KerchoveHARDtalk Watch

    Anti-terrorism chief Gilles de Kerchove on the threat from returning Islamic State fighters

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.