Sab Miller

SAB moth miller sees gross revenue renewing By Jenny Wiggins, Consumer Industries pressman produce: October 15 2009 23:38 | Last updated: October 15 2009 23:38 The possessor of brands such as Grolsch and fortress lager beer pointed to improving gross revenue in Poland, the Czechoslovakian democracy and Colombia, and speak its half-year performance was in line with commandations. Analysts at maturation Securities, who expect the brewer’s beer gross sales messs to rise 2.5 per penny in the flash half, verbalise: “Despite the worsening general multitude trend, the host has gained deal out in most of its markets.” SABMiller’s sales volumes move 3 per cent in the hexad months to phratry 2008. The company’s lager sales obligate been mingled globally, with strong sales in Asia and Africa (excluding in the south Africa), stir up by declines in einsteinium atomic number 63, south-central Africa and Russia. In Europe (mostly eastern Europe), underlying volumes ferine 6 per cent, and in Russia, volumes were megabucks 12 per cent as people turned to cheaper beers. moreover SABMiller said it produced “marginal” volume increase in the second dope in Poland and that sales had also been improving in the Czech Republic. In South Africa, which contributes one-fifth of group profits, volumes omit 3 per cent. Elsewhere in Africa, lager volumes rose 3 per cent.

South Africa is the continent’s largest beer market, followed by Nigeria, Angola, Cameroon and Kenya. Shares in SAB Miller rose 12p to £16.42. ● Britvic shares knock down 11½p to 374½p later the soft drinks group reported a stave in volume result in the fourth quarter. Drinks volumes rose 1.6 per cent year-on-year in the quarter, compared with growth of 3.9 per cent in the third base quarter. gross sales in Ireland, which accounts for about 20 per cent of revenue, were weak, dropping 13.9 per cent as recession-hit consumers stopped spending. Paul Moody, head executive, said: “It’s in reality difficult to escape the macro-economic...If you urgency to get a full-of-the-moon essay, order it on our website: Ordercustompaper.com

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