(Adds CEO comment)
LONDON, July 24 SABMiller, the world's
second-biggest brewer, reported higher first-quarter sales
volumes on Thursday, helped by a return to growth in lager sales
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 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.
The company said its financial performance was in line with
"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.
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.
SABMiller shares were up 0.3 percent by 0811 GMT at 3375
(Reporting by Martinne Geller in London; editing by Tom