LONDON -- SABMiller
The brewer, which owns brands such as Grolsch, Peroni, and Pilsner, has defied the wider economic gloom with a series of promising statements.
During April, SAB indicated its annual and fourth-quarter revenues had registered 7% and 10% organic growth, respectively. SAB added that volumes of the group's lagers had improved by 3% during the preceding 12 months, with soft-drink volumes advancing by 7%.
Within May's annual results, SAB confirmed that total full-year revenue had risen 11% to $31 billion, while adjusted profit before tax had been lifted 13% to $5.6 billion. The group reported varying geographical performances, with Asian profit up 30%, American profit up 2%, and European profit down 9%.
The annual dividend was lifted 12% to $0.91 per share.
Meyer Kahn, SAB's chairman, said at the time:
I am delighted to report another year of significant progress and strong results. Through our successful marketing, portfolio development and commercial execution we continued to build on our position in the world's developing consumer economies. Strong profit growth continued, driven by an organic total volume increase of 4% and complemented by favorable mix and pricing.
Then, in July, SAB revealed that first-quarter organic revenue had grown by 8%, with volumes of the group's lagers improving by 5% and soft-drink volumes advancing by 6%. SAB also claimed that total volumes, including acquisitions, had risen by 10%.
SAB's next update will be released on Oct. 17 with a second-quarter trading statement, which may provide further promising news.
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