Brewing major SAB Miller has posted group revenues of $17.56bn in its first half (H1) ended September 2013, compared to $17.47bn in the corresponding period last year.
These revenues were driven by lager volume growth of 1% on an organic basis, with good growth in Africa partially offset by declines in Europe and North America.
According to the company, its continued growth in developing markets was driven by increased capacity, consumer reach and investment in brand portfolios.
Profit before tax for the first six months of fiscal 2013 was up by 7% to $2.43bn, compared to $2.26bn a year ago.
SABMiller chief executive Alan Clark said that they have continued to deliver on the potential of their businesses in both developed and developing markets, with revenue and margin improvements amid mixed trading conditions.
"We have improved the reach of our mainstream brands across most regions, and through initiatives such as the launch of Redd's Apple Ale in the USA, the momentum behind Castle Lite across Africa, and the increasing appeal of Peroni Nastro Azzurro from Europe to Australia, we are strengthening our premium propositions across the group and evolving our high-end brand portfolios to appeal to an ever wider range of consumers and drinking occasions," Clark added.
Image: SAB Miller has posted increase in H1 group revenue. Photo: courtesy of SABMiller Plc.
