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Name | Symbol | Market | Type |
---|---|---|---|
Anheuser Busch Inbev SA NV | NYSE:BUD | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.72 | 1.21% | 60.31 | 13,449 | 12:57:31 |
By Peter Evans
LONDON-- SABMiller PLC reported a rise in third-quarter revenue but said its lager volumes fell as demand slackened in China.
The world's second-biggest brewer by sales after Anheuser-Busch InBev SA said net producer revenue--which accounts for excise and other taxes--rose 4% in the three months to Dec. 31, unchanged from growth in the same period year earlier.
Lager volumes fell 1%. SABMiller said unfavorable weather in China was a significant factor in the decline in volumes.
"We continued to drive steady net producer revenue growth, notwithstanding varied local market performances, as we benefited from the breadth of our global portfolio of businesses," said Chief Executive Alan Clark.
Write to Peter Evans at peter.evans@wsj.com
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