SABMiller sales boosted by its emerging markets

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: NULL KCS-content Share whatsapp whatsapp A STRONG recovery in emerging markets helped brewing giant SABMiller beat forecasts with a 16 per cent rise in half-year earnings, while the Miller Lite brewer’s markets in Europe and North America struggled.The world’s second biggest brewer, which earns more than 80 per cent of its profits from emerging markets, said Africa and Asia had fully recovered while high unemployment in mature markets was holding back any upturn in beer sales.Chief executive Graham Mackay said: “The outlook is extremely mixed. “Emerging markets are fine although some have been hit by tax but developed markets in Europe and North America are struggling.”The brewer of Peroni and Grolsch beers said it would continue to benefit from lower raw material prices such as for barley to the end of its March 2011 year and then see a small rise the following year as higher grain prices come through.“The market seems to have assumed that SABMiller is better placed than some competitors to deal with the increase in some commodity costs,” said Matthew Webb at brokers JP Morgan Cazenove. center_img SABMiller sales boosted by its emerging markets Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndo Thursday 18 November 2010 7:42 pm Show Comments ▼last_img