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China weather dents SABMiller quarterly beer sales – Business Day

China weather dents SABMiller quarterly beer sales – Business Day

SABMiller’s weather-related woes in China spilled over into the brewer’s third quarter ended December, the company said yesterday in a trading update that showed its total beer volumes are on track to shrink in its 2015 financial year. SABMiller’s lager volumes were 1% lower in its third quarter after a similar contraction in the first half of its financial year, ending in March. In China, volumes fell 9% in the third quarter, following a 10% fall in the previous three months when bad weather over the peak summer season dented sales. Dirk van Vlaanderen comments.
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