Thursday, May 17, 2007

SABMiller says beer can costs cap profits

(Reuters) - SABMiller, the world's second largest brewer, reported a 10 percent rise in annual earnings on Thursday driven by strong growth in Europe and Latin America from brands like Tyksie in Poland and Aguila in Colombia.

The growth was tempered by tough trading at its Miller unit in the United States and the weakness of the rand which diluted its South African earnings, while the group gave a warning over rising commodity prices, especially aluminium beer cans.


Read more at Reuters Africa

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