SABMiller posts higher revenue

The firm is also reviewing its holding in hotel company Tsogo Sun Holdings.


LONDON - Brewer SABMiller posted a 3 percent rise in full-year revenue on Tuesday, helped by sales volume increases in both beer and soft drinks, and said it is reviewing its holding in African hotel company Tsogo Sun Holdings.

The London-listed brewer behind beers such as Miller Lite and Peroni said its investment in Tsogo Sun, worth about $1 billion is considered not core to its operations.

Tsogo Sun said it is assisting SABMiller with the review.

SABMiller reported that its full-year sales volume rose 2 percent, with lager volume up 1 percent and soft drinks 5 percent.