This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SABMiller H1 Lager Sales Down 1 Pct

LONDON (AP) ¿ SABMiller PLC, the world's second-largest brewer, said Thursday that volumes of lager sales dropped 1 percent in the first half of its financial year due to weaker consumption in the U.S., Europe and Latin America.

SABMiller, whose international brands include Grolsch, Peroni and Miller Genuine Draft, said trading conditions were difficult across many of its markets in the six months to Sept. 30, but that revenue was supported by price increases taken in the previous year.

It added that financial performance for the half year was in line with expectations but it gave no figures on earnings.

Soft drink volumes were up 1 percent across all regions.

SABMiller has fared better than rivals Heineken NV and Carlsberg A/S in the economic downturn because of its stronger presence in markets like Africa and Asia, which have proved more resilient.

Lager volumes increased 9 percent in Asia and 3 percent in Africa on an organic basis, that is excluding new acquisitions. China was a standout market, with sales volumes growing 12 percent, although the company noted that wet weather and flooding in the Central and Southern regions slowed momentum in the second quarter.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
SAB $7.20 0.00%
TAP $70.59 -2.35%
AAPL $124.53 -1.75%
FB $85.80 -2.51%
GOOG $521.52 -1.91%

Markets

DOW 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs