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SABMiller revenues rise 17% in third quarter compared to 2011

Reuters
January 23, 2013, 12:01 am TWN

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LONDON--Global brewer SABMiller said its overall revenues rose 17 percent in the third quarter compared to 2011, sustained by improving growth in its key Latin American markets.

Lager volumes were up 2 percent on an organic basis for the quarter, said the maker of Miller Lite, Grolsch and Peroni, with overall performance in-line with its expectations.

Growth in volume terms was held back by a decline in China, where cold weather subdued demand.

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