U.S. News

SABMiller Says Thrid-quarter Volumes Up 10%


SABMiller, one of the world's biggest brewers and owner of brands such as Miller Lite, Pilsner Urquell and Peroni, said Wednesday that lager volume grew 10% in the third quarter.

For the first nine months, the company said volume grew 9.5%.

"The group's financial performance has been in line with our expectations despite the headwinds experienced at Miller and in South Africa, and the comparatively weaker South African rand/US dollar exchange rate," the company said in a trading update.