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SABMiller issues trading update
SABMiller plc has provided an update regarding trading during the six-month period ended 30 September 2009, which is the first half of its financial year. The calculation of the organic growth rates below excludes the effects of acquisitions and disposals.
Lager volumes for the first six months, on an organic basis, declined by 1% compared to the prior year, reflecting difficult trading conditions across many of our markets, while soft drinks volumes were 1% ahead.
During the period, group revenue was supported by price increases taken in the prior year. Financial performance for the half year was in line with expectations.
Read the trading update in full at the SABMiller website.
Source: SABMiller
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