SABMiller profits soar while questions linger around Foster’s acquisition
The brewer has become an emerging-markets powerhouse under long-standing Chief Executive Graham MacKay. Its 12% rise in earnings before interest, tax and amortization in the year to the end of March is evidence Mr. MacKay has mostly chosen to drink in the right global bars. But that has left investors questioning why Mr. MacKay has blurred the strategy by paying $10.1 billion for Australian brewer Foster’s last September.
Bloomberg also has a lengthy report on SABMiller earnings while The Australian reports that Foster’s has lost 10% of his accounts.
via Wall Street Journal.
Breweries: SABMiller
