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Altria Financial Data Disclosure

30th Oct 2014 12:30

RNS Number : 7165V
SABMiller PLC
30 October 2014
 



SABMiller plc

Altria Financial Data Disclosure

 

30 October 2014

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal nine-month period and the fiscal quarter ended 30 September 2014. Altria's results include a reference to earnings for the quarters and nine-month periods ended 30 September 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 nine-month period ended 30 September 2014 is US$753 million (nine-month period ended 30 September 2013: US$738 million). The amount disclosed for the quarter ended 30 September 2014 is US$328 million (quarter ended 30 September 2013: US$255 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

 

30 October 2014

 

 

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