Global brewer SABMiller (LON:SAB) saw a decline in both profit and revenue for the 2016 fiscal year, in the group’s latest set of results in the run-up to its acquisition by AB InBev.
Profit declined 16 percent to $4.074 billion in 2016, with revenue also taking a 10 percent hit on last year. However, group beverage volumes were up by 2 percent, with an 8 percent increase on its dividend payment.
Alan Clark, Chief Executive of SABMiller, called the figures “good results”, adding that “achieving these results this year, notwithstanding economic and currency volatility and the distraction of the AB InBev offer is a testament to the dedication and hard work of our people.”
Shares remain largely unaffected by the news, currently up 0.18 percent at 4218.50 (0806GMT).
18/05/2016
