RNS Number : 9712Q
SABMiller PLC
27 October 2011
 



SABMiller plc

Altria Financial Data Disclosure

 

27 October 2011

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal nine month period and the fiscal quarter ended 30 September 2011. Altria's results include a reference to earnings for the quarters and nine month periods ended 30 September 2011 and 2010 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 nine month period ended 30 September 2011 is US$552 million (nine month period ended 30 September 2010: US$437 million).  The amount disclosed for the quarter ended 30 September 2011 is US$208 million (quarter ended 30 September 2010: US$186 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 pursuant to share option exercises.

 

John Davidson

General Counsel and Group Company Secretary

 

 

27 October 2011

 

 


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