SABMiller’s South African soft drinks division, Amalgamated Beverage Industries (ABI), has increased its volumes (6%), adjusted headline earnings (21%), dividend per share (21%) and profits from operations (12%) for the six months ended 30 September 2003.
Headline earnings leaped to R180m in this period compared with R140m for the corresponding period last year. The interim dividend was up from 40c to 49c a share.
Volumes from its 33-brand portfolio of carbonated, energy, milk and fruit drinks reached 6,26 hectolitres, according to MD, Mark Bowman, reporting on the interim figures.
He attributed it mainly to increases in disposable income resulting from tax relief and interest rate cuts, together with the timing of the Easter holidays and new pack and flavour innovations.
Bowman also expected sales to continue on a positive trend for the rest of the year.
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