SABMiller H1 Net Profit Rises 23%

SABMiller PLC

reported a 23% surge in its first-half net profit. SABMiller's net profit for the period rose to $1.38 billion, versus $1.12 billion. Its earnings before interest, taxes and amortization climbed 10% y/y to $2.70 billion from $2.47 billion, versus analysts' estimates of $2.72 billion. SABMiller's revenue surged 10% to $15.69 billion from $14.24 billion. SABMiller shares fell 0.67% to close at $35.39 yesterday.