RNS Number : 2414D
SABMiller PLC
25 April 2013
 



SABMiller plc                                                                                    

Altria Financial Data Disclosure

 

25 April 2013

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal quarter ended 31 March 2013. Altria's results include a reference to earnings for the quarters ended 31 March 2013 and 2012 from Altria's 26.8% economic and voting investment in SABMiller plc, expressed in US GAAP at prevailing exchange rates.

 

The amount disclosed for the quarter ended 31 March 2013 is US$256 million (31 March 2012: US$520 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 accounting treatment of share-based payments, exceptional items, the definition of the US GAAP statutory earnings as reported by Altria compared with 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

 

25 April 2013

 

 


This information is provided by RNS
The company news service from the London Stock Exchange