UK: SAB pre-tax profits fall 6%
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."
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