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SABMiller’s Sales Increase on Pricier Beer in Africa, Europe
date:Jul 25, 2014
ng Africa and Latin America.

SABMillers shares rose 1.2 per cent to 3,405 pence as of 8:01 a.m. in London. The shares have risen 9.5 per cent this year.

This is certainly a better update than we and the market anticipated, especially in relation to Africa and South Africa, wrote Phil Carroll, an analyst at Shore Capital in Liverpool, England, in a note.

Sales rose 11 per cent in Africa aided by soft drinks and added capacity in Nigeria, and 12 per cent in South Africa, helped by growth in mor

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