date:Jan 24, 2013
and market fragmentation means profits in China are nowhere near as big, which will be some comfort to the big brewers impacted by the unusually cold snap, which is seen as Chinas coldest winter in almost three decades. Some 21% of SABMillers beer volumes come from China, says Bernstein, but the country only accounts for 5% of revenue and 2% of operating profit.
The maker of Castle lager and Miller Lite, which operates in China through a 49% stake in brewer CR Snow, says the recent weather eve