SABMiller earnings beat forecasts with 19 pct rise

Thu May 15, 2008 2:15am EDT
 
[-] Text [+]

LONDON, May 15 (Reuters) - SABMiller (SAB.L), the world's biggest brewer, reported a 19 percent rise in annual earnings on Thursday and added beer volume growth in its current first-half will be affected by high input costs and comparative figures.

The London-based maker of Miller Lite, Peroni and Pilsner Urquell beers posted adjusted earnings per share of 143.1 U.S. cents for the year to March 31 compared to analyst forecasts of 134.1 to 142.1 cents with a consensus of 137.8 cents.

The group, which bought Dutch brewer Grolsch in February and is waiting for approval to combine its U.S. operations with Molson Coors (TAP.N) proposed a full-year dividend up 16 percent at 58.0 U.S. cents a share. (Reporting by David Jones)

 
Trading specialists work on the floor of the New York Stock Exchange trading shares of Goldman Sachs, in New York, April 14, 2009.
Was Goldman's trading software stolen?

A Russian immigrant is held on federal charges of stealing computer codes that generate millions of dollars in stock and commodity trading revenues. According to sources the firm is Wall Street behemoth Goldman Sachs  Blog | Full Coverage 

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better