SABMiller delivers strong margin expansion
date:May 27, 2014
nt in market-facing activities and the inclusion of Kingway results in the second half of the financial year, following completion of the acquisition in September 2013. As a result reported EBITA margin for the region increased by 10 bps.

* South Africa: Beverages was adversely impacted by the significant depreciation of the South African rand against the US dollar, resulting in reported EBITA and group NPR decreases of 9% and 11% respectively. On an organic, constant currency basis EBITA grew
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