SABMiller's revenue up by 2%

26 Jul 2013

SABMiller's revenue per hectolitre had grown by 2% on an organic‚ constant currency basis in the first quarter the company said on Thursday (25 July).

Total beverage volumes were level with the prior year‚ while lager volumes declined 1%‚ with growth in Latin America and Africa offset by Europe and North America.

Soft drinks volumes grew by 8% reflecting growth in Latin America‚ Europe and Africa

The group added that its underlying financial performance for the quarter ended June was in line with expectations.

However‚ it cautioned that depreciation of key currencies against the US dollar would adversely impact reported results.

Alan Clark‚ chief executive of SABMiller‚ said: "Our first quarter revenue growth was held back by unseasonably cold and wet conditions in many of our northern hemisphere markets‚ which negatively impacted beer consumption. This was offset by continued growth in our Latin America and Africa divisions."

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za