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Altria financial data disclosure

27th Jul 2016 12:45

RNS Number : 4037F
SABMiller PLC
27 July 2016
 

SABMiller plc

Altria Financial Data Disclosure

 

27 July 2016

 

Today, Altria Group, Inc. (Altria) has released its results for the fiscal six-month period and the fiscal quarter ended 30 June 2016. Altria's results include a reference to earnings for the quarters and six-month periods ended 30 June 2016 and 30 June 2015 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 six-month period ended 30 June 2016 is US$265 million (six-month period ended 30 June 2015: US$359 million). The amount disclosed for the quarter ended 30 June 2016 is US$199 million (quarter ended 30 June 2015: US$225 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.

 

Stephen Shapiro

Group Company Secretary

 

27 July 2016

 

 

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