Performance continues in line with expectations
London, 18 September 2001. Ahead of an analysts' site visit to its South
African and African operations, Graham Mackay, chief executive of SAB plc,
today commented on the company's performance for the five months ended 31
August 2001.
Mr. Mackay said: "Overall, the Group's financial performance continued in
line with our expectations. Pressure on Beer South Africa's volume remains
but this is lessening, and cumulative volume after the five months ended 31
August is some 1% down on prior year. However, SABI Europe has seen volume
growth in its key markets of Poland, Czech Republic and Russia following an
improvement in the weather over the past two months. SABI Africa has seen
better performances from its important markets of Tanzania, Botswana and
Mozambique, and in China our business continues to develop despite
increasing competition.
Our soft drinks business in South Africa, ABI, has also increased its
volumes, whilst the Hotels and Gaming Division performed satisfactorily in
difficult trading conditions".
- ENDS -
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