LONDON (dpa-AFX) - British brewer SABMiller Plc (SAB.L, SBMRY.PK), in its trading update for the year ended March 31, 2014, said its fourth-quarter Group net producer revenue or NPR grew 2% and group NPR per hectolitre or hl up by 1%, both on an organic, constant currency basis.
For the full year, Group NPR advanced by 3% and group NPR per hl by 2%, both on an organic, constant currency basis. Total beverage volumes went up by 2% for the year on an organic basis, with lager volumes up 1% and soft drinks volumes rising 5%.
The company said the depreciation of key currencies against the US dollar will negatively impact reported results.
SABMiller's Chief Executive commented: 'We continued to deliver top line growth for the year, despite a number of headwinds and a challenging fourth quarter. The combination of our global overview and deep local insights enables us to fine tune our operations in each market and to deliver commercial progress, which underpins our confidence in our ability to deliver higher revenue growth in the longer term.'
Further, the Group added that its financial performance is in line with expectations.
Copyright RTT News/dpa-AFX