{{SABMiller, the world’s second-biggest brewer, reported higher first-quarter sales volumes on Thursday, helped by a return to growth in lager sales in Africa.}}<\/p>\n
The London-listed company behind beers such as Miller, Grolsch and Peroni said revenue rose 6 percent in the three months to June 30, while volume sold was up 3 percent.<\/p>\n
Volume of lager, SABMiller’s core business, rose 1 percent, with a 3 percent increase in Africa and growth in China and Europe. Soft drinks volume, including drinks it sells for Coca-Cola, grew by 10 percent.<\/p>\n
The company said its financial performance was in line with expectations.<\/p>\n
“Strong growth in Africa, South Africa and Europe was balanced by slower momentum in North America and a reduction in (net producer revenue) in Australia in difficult trading conditions,” said Chief Executive Alan Clark.<\/p>\n
Lager volumes in Latin America declined by 2 percent, hurt by trading restrictions in Colombia, but returned to growth in Africa following earlier difficulties in countries including Mozambique and Uganda.<\/p>\n
SABMiller shares were up 0.3 percent by 0811 GMT at 3375 pence.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{SABMiller, the world’s second-biggest brewer, reported higher first-quarter sales volumes on Thursday, helped by a return to growth in lager sales in Africa.}} The London-listed company behind beers such as Miller, Grolsch and Peroni said revenue rose 6 percent in the three months to June 30, while volume sold was up 3 percent. Volume of […]<\/p>\n","protected":false},"author":3,"featured_media":2000053224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[100],"byline":[334],"hashtag":[],"class_list":["post-15539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-africa","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":{"id":2000053224,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15539.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15539.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15539.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15539.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15539.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/arton15539.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=15539"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/15539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000053224"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=15539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=15539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=15539"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=15539"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=15539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}