SABMiller net profit +8.5% but warns of forex headwind


SABMiller's (SBMRF) H1 net profit climbed 8.5% to $1.71B.

Net producer revenue, which includes sales from joint ventures, increased to $13.79B from $13.67B, in line with market expectations.

EBITA +4% to $3.27B.

Organic EBITA +7% vs consensus of +6%.

Gains in Africa, Latin America and Asia-Pacific helped to outweigh volume declines in Europe and North America.

SABMiller warned that a strengthening dollar will hurt FY results.

Shares +0.8% in London. (PR)

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