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SABMiller ups revenue 17%

Jan 22 2013 09:32 Reuters


Company Data

SABMILLER PLC [JSE:SAB]

Last traded 591.87
Change 3.75
% Change 0.01
Cumulative volume 248179
Market cap 990.54bn

Last Updated: 02/09/2014 at 04:24. Prices are delayed by 15 minutes. Source: McGregor BFA

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London - Global brewer SABMiller [JSE:SAB] said its overall revenues rose 17% in the third quarter compared to last year, sustained by improving growth in its key Latin American markets.

Lager volumes were up 2% on an organic basis for the quarter, said the maker of Miller Lite, Grolsch and Peroni, with overall performance in line with its expectations.

Growth in volume terms was held back by a decline in China, where cold weather subdued demand.

The world's second biggest brewer earns around 70% of its profit from fast-growing emerging markets, which helps insulate it from tough mature markets where hard-pressed consumers are economising at the bar and drinking less beer at home.

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