22nd Jul 2014 13:30
SABMiller plc
Altria Financial Data Disclosure
22 July 2014
Today, Altria Group, Inc. (Altria) has released its results for the fiscal six-month period and the fiscal quarter ended 30 June 2014. Altria's results include a reference to earnings for the quarters and six-month periods ended 30 June 2014 and 2013 from Altria's 26.8% economic investment in SABMiller plc, expressed in US GAAP at prevailing exchange rates.
The amount disclosed for the six-month period ended 30 June 2014 is US$425 million (six-month period ended 30 June 2013: US$483 million). The amount disclosed for the quarter ended 30 June 2014 is US$200 million (quarter ended 30 June 2013: US$227 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
22 July 2014
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