• First half net profits up 7.6% to US$736.4m
  • H1 net sales rise 1.3% to $4bn
  • Operating profits in six months up 7.9% to 747.3m 
  • H1 volumes slip 1.9% to 31.4m barrels 
  • Q2 net sales up 2.2% to $2.2bn
The JV saw H1 sales and profits up

The JV saw H1 sales and profits up

MillerCoors, the US JV between SABMiller and Molson Coors, has seen a slight rise in first-half sales, but volumes were down as further declines for light lagers were propped up by higher-end brands. 

The JV saw sales in the six months to the end of June up by 1.3% to US$4bn, while net profits were up by 7.6% to $736.4m. 

Tom Long, MillerCoors' CEO, said: “In the second quarter, we continued to gain share with our Above Premium portfolio, driving profitable growth with brands like Redd’s, Leinenkugel’s Summer Shandy, Smith & Forge Hard Cider and Miller Fortune.

“We also continued to engage consumers around our flagship beers with big ideas like Miller Lite’s Original Can and Coors Light Summer Brew.”

To read the company's full statement, click here