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You are here: Home / News / SABMiller Reports Drop in Profits, Rise in Earnings

SABMiller Reports Drop in Profits, Rise in Earnings

May 18, 2006 By Jay Brooks

The Associated Press (AP) indicated today that “SABMiller reported a 5.3 percent drop in full-year profits.” Though confusingly, only a 4% drop in pre-tax profits is listed in the press release from SABMiller. The decline is blamed primarily on Miller’s price wars with A-B and Coors.

Reuters take on this story, in contrast, was that “SABMiller posted an 8 percent rise in annual earnings.” It’s interesting to see how the same story is framed by two different mainstream news services.

Filed Under: News Tagged With: Business, International, Press Release



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