Pursuits
SABMiller Full-Year Profit Beats Estimates on Lower Costs
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SABMiller Plc, the world’s second-largest brewer by volume, reported full-year profit that beat analysts’ estimates, aided by lower raw-material costs in Europe, Latin America and South Africa.
Earnings before interest, taxes and amortization rose 15 percent to $5.04 billion from $4.38 billion, the company said today, beating the $4.87 billion median estimate of seven analysts surveyed by Bloomberg. Revenue advanced 7.7 percent to $19.4 billion, matching the average estimate of 12 analysts.