That stock News

Second - most large Brewer in the world posted an increase in the 7pc Group half revenues of $14 5.3 (￡ 8. 9bn) and half pre-tax profits of. 69bn $1 compared to. 498bn $1 last time, sent shares of 90.5 p to ￡ 21.07 Thursday morning.

However, the Brewer Peroni and Grolsch, who earns more than 80pc of profits from emerging economies, said markets in Africa and Asia was completely restored but unemployment in mature markets was retains any increase in sales of beer.

SABMiller said that, while trade in all of its markets and economic conditions remain mixed during the first half of the year, lager volumes have increased by 1pc with growth in the volume of many in China and South Africa compensate for a fall 5MC lager volumes in Europe.

The company added that going forward, while consumer spending has remained under control, the tendency of gradual improvement of economic conditions in most of its emerging markets of should be upheld.

Graham MacKay, Chief Executive, SABMiller said to reporters: "the prospects are extremely mélangée.Les emerging markets are fine, although some have been affected by the tax, but the markets developed in Europe and North America have difficulty."

The Brewer said that he would continue to benefit from low prices first as barley at the end of the year from March 2011 and see a small increase in the next year as higher prices of grain feed through.

"The market seems to have assumed that SABMiller is better placed some competitors to cope with rising costs of marchandise.Déclaration today provides further evidence for this view, said analyst for JP Morgan Cazenove."

View the original article here