Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Altria Financial Data Disclosure

24th Oct 2013 13:00

RNS Number : 3273R
SABMiller PLC
24 October 2013
 



SABMiller plc

Altria Financial Data Disclosure

 

24 October 2013

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal nine-month period and the fiscal quarter ended 30 September 2013. Altria's results include a reference to earnings for the quarters and nine-month periods ended 30 September 2013 and 2012 from Altria's 26.8% 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 2013 is US$738 million (nine-month period ended 30 September 2012: US$973 million). The amount disclosed for the quarter ended 30 September 2013 is US$255 million (quarter ended 30 September 2012: US$230 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

 

24 October 2013

 

 

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

Related Shares:

SAB.L
FTSE 100 Latest
Value8,633.75
Change48.74