Company Data
| Last traded |
R312.73 |
| Change |
R-1.18 |
| % Change |
-0.38% |
| Cumulative volume |
1.81m |
| Market cap |
R520.50bn |
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Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 19:13
Uncertainty over the future of the euro zone returned to push the rand down against the dollar.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
London - Brewing giant
SABMiller [JSE:SAB] expects trading in most of its key emerging markets to improve steadily as the Miller Lite and Peroni brewer beat forecasts on Thursday with a 16% rise in half-year earnings.
The world's second biggest brewer which earns over 80% of its profits from emerging markets said that although consumer spending remains subdued it will benefit from lower raw material costs and price rises for its beers.
The brewer of Grolsch and Pilsner Urquell reported strong profits growth from Latin America, Africa, Asia and North America but European profits fell as economic conditions hit consumer spending and encouraged downtrading to cheaper beers.
"Although consumer spending remains subdued, the trend of incremental improvement in economic conditions across most of our emerging markets is expected to be maintained," Chief Executive
Graham Mackay said in a results statement.
The London-based group reported adjusted earnings per share of 93 US cents for the six months to end-September, compared to 88.7 cents from a company compiled consensus. The half-year dividend rose 15% to 19.5 cents a share.