SAB - SABMiller Plc - Altria Financial Data Disclosure
SAB
SOSAB
SAB - SABMiller Plc - Altria Financial Data Disclosure
SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Altria Financial Data Disclosure
31 July 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.
Date: 31/07/2008 15:30:05 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
