Currency Moves, Input Costs Hit SABMiller’s Net

So we have higher input costs, fluctuating currencies, and unstable demand.  This environment continues to be incredibly difficult.

LONDON — SABMiller PLC, the world’s second-largest brewer behind Anheuser-Busch InBev NV, Thursday posted a 6.9% fall in net profit for its full fiscal year as weak currencies in emerging markets and higher input costs hurt the bottom line.

The London-based company also said it has bought the outstanding 28.1% minority interest in its Polish subsidiary Kompania Piwowarska SA from Kulczyk Holding SA, in exchange for 60 million new SABMiller shares — giving the deal an implied value of $1.1 billion.

http://online.wsj.com/article/SB124228487612118837.html

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