SABMiller plc (SBMRY.PK, SAB.L) reported that its fiscal year profit before tax decreased to US$4.71 billion from US$5.60 billion last year. The company said its profit before tax decreased 16% including the impact of the exceptional items and other adjusting finance items.
Profit attributable to owners of the parent decreased to US$3.27 billion or 203.5 US cents, compared to US$4.22 billion or 263.8 US cents per share last year.
Group revenue increased to US$34.49 billion from US$31.39 billion prior year. Revenue, excluding the attributable share of associates' and joint ventures' revenue, improved to US$23.21 billion from US$21.76 billion last year.
Adjusted profit before tax was US$5.63 billion, compared to US$5.06 billion last year. The company said its adjusted pretax profit increased by 11% over the prior year, primarily as a result of increased volumes, improved revenue per hectolitre reflecting positive sales mix and the inclusion of Foster's for the whole year.
Adjusted earnings was US$3.80 billion or 236.0 US cents, compared to US$3.40 billion or 212.5 US cents prior year. Headline earnings increased to US$3.25 billion or 204.5 US cents from US$2.85 billion or 179.8 US cents prior year.
The board of SABMiller has recommended a final dividend of 77.0 US cents per share which will be paid to shareholders on 23 August 2013. This brings the total dividend for the year to 101.0 US cents per share, an increase of 10.0 US cents over the prior year.
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