DURBAN - Aneuser- Busch InBev, the world’s largest brewer by sales, said it has recorded strong growth in China, Mexico and South Africa for the six months to end June.
AB InBev acquired SA giant, SABMiller, last October for $103 billion (R1.75 trillion).
The group said it grew its revenue by 5 percent in the quarter, however, six months revenue grew marginally at 1 percent.
In South Africa, the group reported better revenue, up 13.4 percent in the first half of 2017 driven by beer volume growth of 10.8 percent and benefiting from the timing of Easter.
The group, with Budweiser, Stella Artois and Corona beer brands, said the second half of the year looked promising. It hoped to end an 18 month slump in Brazil.
The brewer saw an overall 1 percent increase in beer volumes and shifted consumers on to higher priced beers, resulting in a 5 percent increase in revenues to $14.18bn.
Cash flow from operating activities reached $4.02bn in the first half of 2017 compared to $2.45bn in the first half of 2016. Profits climbed to $1.83bn.
BUSINESS REPORT ONLINE