SABMiller delivers strong margin expansion
date:May 27, 2014
d to continue to deliver strong returns to shareholders.

Business review

The group delivered earnings growth in the year, despite headwinds in several markets. The depreciation of key currencies against the US dollar had a significant negative impact on the translation of financial results in South Africa, Latin America and Australia, resulting in a decline of 1% in reported group NPR and a 1% increase in reported EBITA.

Group NPR growth of 3% on an organic, constant currency basis was driven
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