SABMiller revenue rises in FQ3

|About: SABMiller plc (SBMRF)|By:, SA News Editor

SABMiller (SBMRF)  FQ3 net producer revenue (NPR) +4% on an organic, constant currency basis .

NPR per hectolitre (hl) +2%.

Organic beverage volumes +2%; lager +1% vs consensus of +2% and soft drinks +7%.

Financial performance is in line with expectations, although the strength of the U.S. dollar will hurt results.

Emerging-market businesses drove SABMiller's growth. "The combination of pricing and volume growth, particularly in Africa, Latin America and China, supported net producer revenue growth of 4%." the company said. However, weak consumer sentiment especially affected its European and North American operations. (PR)