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Altria Financial Data Disclosure

28th Jan 2016 12:45

RNS Number : 3214N
SABMiller PLC
28 January 2016
 

SABMiller plc

Altria Financial Data Disclosure

 

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal year and the fiscal quarter ended 31 December 2015. Altria's results include a reference to earnings for the quarters and twelve-month periods ended 31 December 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 year ended 31 December 2015 is US$757 million (year ended 31 December 2014: US$1,006 million). The amount disclosed for the quarter ended 31 December 2015 is US$211 million (quarter ended 31 December 2014: US$253 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

 

28 January 2016

 

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