SABMiller trading "in line"

SABMiller has announced that it has been trading in line with expectations in the first six months.

Lager volumes for the six months to the end of September rose one per cent compared to the previous year at the drinks giant.

Some raw material cost reductions helped to keep the company on track, it said.

SABMiller said the strengthening of key operating currencies against the US dollar also assisted results for the half year.

Overall, financial performance for the half year was in line with expectations.

Central America markets which were impacted by poor weather and a difficult economic environment.

Europe has also been struggling with lager volumes down five per cent.