25th Apr 2008 07:01
SABMiller PLC25 April 2008 SABMiller plc Altria Group, Inc. (Altria) has released its results for the fiscal quarterended 31 March 2008. This year Altria's results include a reference to earningsfor the quarters ended 31 March 2008 and 2007 attributable to Altria's 28.6%economic and voting investment in SABMiller plc, expressed in US GAAP atprevailing exchange rates. The amount disclosed for the quarter ended 31 March 2008 is US$143 million (31March 2007: US$ 98 million). No further analysis of these earnings has beendisclosed. Investors should note that these earnings are derived from managementaccounts, have not been audited, and may be subject to change. There are anumber of differences concerning the timing of recognition of results as well asdifferences relating to the treatment of exceptional items and definition of theUS GAAP statutory earnings as reported by Altria compared to SABMiller's resultsas reported under IFRS. These differences have resulted in a significantpositive impact in the trend of SABMiller quarterly earnings as reported byAltria. John DavidsonGeneral Counsel and Group Company Secretary 25 April 2008 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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