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SABMiller PLC (SAB)

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Thursday 31 July, 2008

SABMiller PLC

Altria Financial Data Disclos

RNS Number : 2052A
SABMiller PLC
30 July 2008
 



SABMiller plc 

Altria Financial Data Disclosure


3July 2008


Today, Altria Group, Inc. (Altria) released its results for the fiscal six month period and the fiscal quarter ended 30 June 2008. This year, Altria's results include a reference to earnings for the quarters and six month periods ended 30 June 2008 and 2007 attributable to Altria's economic and voting 28.5% investment in SABMiller plc, expressed in US GAAP at prevailing exchange rates. 


The amount disclosed for the six month period ended 30 June 2008 is US$290 million (six month period ended 30 June 2007: US$260 million). The amount disclosed for the quarter ended 30 June 2008 is US$147 million (quarter ended 30 June 2007: US$162 million). No further analysis of earnings has been disclosed.  Investors should note that these financial results are derived from management accounts, have not been audited and may be subject to change. There are a number of differences concerning the timing of recognition of results as well as differences relating to the treatment of exceptional items and the definition of the US GAAP statutory earnings as reported by Altria compared to SABMiller's results as reported under IFRS.  Due to these differences, Altria's reported earnings growth for SABMiller was significantly ahead of SABMiller's IFRS results in the quarter to March 2008. The reverse is the case in the quarter to June 2008. 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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