RNS Number : 2016A
SABMiller PLC
27 January 2011
 



SABMiller plc

Altria Financial Data Disclosure

 

27 January 2011

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal year and the fiscal quarter ended 31 December 2010.  Altria's results include a reference to earnings for the quarters and twelve month periods ended 31 December 2010 and 2009 from Altria's 27.1% economic and voting investment in SABMiller plc, expressed in US GAAP at prevailing exchange rates.

 

The amount disclosed for the year ended 31 December 2010 is US$628 million (year ended 31 December 2009: US$600 million). The amount disclosed for the quarter ended 31 December 2010 is US$191 million (quarter ended 31 December 2009: US$158 million).  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, the definition of the US GAAP statutory earnings as reported by Altria compared to SABMiller's results as reported under IFRS, as well as the inclusion within Altria's earnings of gains on the dilution of Altria's investment in SABMiller following the issue of new SABMiller shares.

 

John Davidson

General Counsel and Group Company Secretary

 

27 January 2011

 


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