Sábado, 21 de enero de 2017

| 2008/11/14 00:00

SABMiller brews up first-half profit rise but cuts investment programme

Nov 14 --SABMiller, the global brewer behind Grolsch and Peroni Nastro Azzurro, will cut its capital expenditure by about $500 million (£342 million) next year as it responds to the impact of the consumer spending downturn on many of its biggest markets.

SABMiller brews up first-half profit rise but cuts investment programme

The group said that although it would “continue to invest selectively to support future growth”, it was cutting its $2 billion investment programme to mitigate rising input costs and weakening consumer demand in countries including South Africa, Colombia, Poland and Russia.

Graham Mackay, chief executive, said that the worst-perfoming countries had been those where the ready availability of consumer credit had created a “speculative bubble” that had started to burst. “The issue is the countries where people were living beyond their means,” he said.

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