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Current Position:Home » News » Marketing & Retail » Retail » Topic

SABMiller H1 profit increases

Zoom in font  Zoom out font Published: 2012-12-06  Authour: Foodmate team  Views: 32
Core Tip: SABMiller Plc., a brewing company, has reported that revenue for the six months ended September 30, 2012 was increased from $10.54 billion to $11.37 billion.
SABMiller Plc., a brewing company, has reported that profit attributable to owners of the parent was $1.59 billion, or 100.1 cents per basic share, for the six months ended September 30, 2012, compared to $1.38 billion, or 87.4 cents per basic share, for the same period ended September 30, 2011.

Revenue for the six months ended September 30, 2012 was $11.37 billion, compared to $10.54 billion for the same period ended September 30, 2011.

Profit before tax for the six months ended September 30, 2012 was $2.28 billion, compared to $2.04 billion for the same period ended September 30, 2011.

Graham Mackay, Executive chairman of SABMiller, said: "Broad-based revenue and profit growth in the first half reflects the continued success of our approach to the development of our brands, product portfolios, distribution and sales effectiveness.

We have strengthened our local flagship brands, complemented by product innovation across a wide range of styles and prices. Margins have risen modestly despite higher input costs, as a result of our cost reduction and procurement initiatives supplemented by a positive contribution from the acquisitions and business combinations concluded in the second half of last year."

 
 
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