SABMiller Earnings Growth on Emerging Markets

SABMiller Plc, the world’s second-biggest brewer, reported first-half earnings that exceeded estimates on gains in Latin America and Africa, and said developing markets will continue to drive growth.  So-called organic earnings before interest, taxes and amortization rose 7 percent in the six months through September, the London-based company said today. The median estimate of nine analysts surveyed by Bloomberg was for a 6 percent increase.  Total Ebita gained 4 percent to $3.27 billion, beating the $3.2 billion median estimate. Growth was crimped by the weakness of currencies including the South African rand and Australian dollar.

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