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SABMiller’s Tanzania Unit Earnings to Grow, Reuters Reports

SABMiller Plc (SAB)’s Tanzanian unit expects profit to increase 10 percent in fiscal 2012 as output and exports increase, Reuters reported, citing Managing Director Robin Goetzsche.

Tanzania Breweries Ltd. (TBL) had an operating profit of $124 million in the year through March 2011 on sales of $455 million, Reuters cited Goetzsche as saying. SABMiller, which owns 53 percent of the Tanzanian company, has invested as much as $40 million a year to expand it, Reuters said.

19 Jul. 2011

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