RNS Number : 7289K
SABMiller PLC
20 July 2011
 



 

SABMiller plc

Altria Financial Data Disclosure

 

 

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal six month period and the fiscal quarter ended 30 June 2011. Altria's results include a reference to earnings for the quarters and six month periods ended 30 June 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 six month period ended 30 June 2011 is US$344 million (six month period ended 30 June 2010: US$251 million).  The amount disclosed for the quarter ended 30 June 2011 is US$155 million (quarter ended 30 June 2010: US$113 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

 

 

20 July 2011

 

 

 

 

 

 

 

 


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