Headlines

SABMiller Revenue Up 7 Percent

lobal brewing giant SABMiller plc (SAB) has reported a 7 percent rise in group revenue on an organic‚ constant currency basis for the 12 months ended March 2013. Releasing its full year 2013 trading update on Thursday‚ SABMiller reported group revenue per hectolitre (hl) was up 3 percent‚ reflecting excise-driven price increases and the impact of regional mix. Including the impact of the Foster’s transaction and other acquisitions and disposals‚ and after adverse currency translation effects‚ reported group revenue for the year was up 10 percent. (iAfrica)