UK: SAB pre-tax profits fall 6%

By Chris Brook-Carter | 30 May 2002

South African Breweries, which today announced it is to buy Miller Brewing to create the world's second largest brewer, announced that it has a profit before tax for the year of £606 million, compared to £646m a year before. The company attributed the 6% fall in adjusted earnings in US dollars to "the material adverse currency moves in sub Saharan Africa," which "affected a sizeable portion of our business."

just-drinks articles are only available to registered users and members.

Join now for increased access

There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.

If you’re already a member, login here.

South African Breweries, which today announced it is to buy Miller Brewing to create the world's second largest brewer, announced that it has a profit before tax for the year of £606 million, compared to £646m a year before. The company attributed the 6% fall in adjusted earnings in US dollars to "the material adverse currency moves in sub Saharan Africa," which "affected a sizeable portion of our business."

  • Unlimited access to all the latest global beverage news and insight
  • Expert analysis that puts the news into context
  • Exclusive interviews with leading industry figures
  • Monthly management briefings with detailed analysis on hot topics
  • Personalised RSS feeds and email newsletters
  • 10-year archive of news, insight and intelligence
  • Discounts on just-drinks market research
  • Plus much more

If you’re already a member, login here

Not what you were looking for?

Search just-drinks:

More articles related to this one

ITALY: The ultimate sports drink, revealed
The hunt for the ultimate sports drink may be at an end.

S AFRICA: SAB defends redundancy settlement
South African Breweries has defended a controversial redundancy package covering a group of former workers who claimed the deal was signed without their approval.

S AFRICA: Ex-SAB workers slam redundancy deal
Former workers at South African Breweries have slammed the country's Food and Allied Workers Union for agreeing to redundancy package without their approval.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page