SABMiller Faces Short And Long-Term Challenges In Colombia

The results of brewing giant SABMiller continue to point to particular weakness in the Colombian market. In its latest quarterly results, covering the three months to December 31 2010, SABMiller reports that lager volumes in the country declined by 5%. The result dragged down the performance for the Latin American region, with year-on-year volumes for the region coming in 1% lower despite a relatively weak comparison period. The declining sales were attributed to significant new taxes, as well as exceptionally bad

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