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Altria Financial Data Disclosure

29th Oct 2015 12:30

RNS Number : 8604D
SABMiller PLC
29 October 2015
 



SABMiller plc

Altria Financial Data Disclosure

 

29 October 2015

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal nine-month period and the fiscal quarter ended 30 September 2015. Altria's results include a reference to earnings for the quarters and nine-month periods ended 30 September 2015 and 2014 from Altria's approximate 27% economic and voting investment in SABMiller plc, expressed in US GAAP at prevailing exchange rates.

 

The amount disclosed for the nine-month period ended 30 September 2015 is US$ 546 million (nine-month period ended 30 September 2014: US$753 million). The amount disclosed for the quarter ended 30 September 2015 is US$187 million (quarter ended 30 September 2014: US$328 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 the impact of the change in Altria's investment in SABMiller following the issue of new SABMiller shares pursuant to share option exercises, and the purchase of SABMiller shares by the trustee of the SABMiller Employees' Benefit Trust.

 

Stephen Shapiro

Group Company Secretary

 

29 October 2015

 

 

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