SABMiller full-year revenue hit by strong U.S. dollar

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Beer flows from a bottle of Stella Artois into a glass in this picture illustration taken in Sarajevo, Bosnia and Herzegovina November 5, 2015. REUTERS/Dado Ruvic/File Photo

(Reuters) - Brewer SABMiller (SAB.L) posted an 8 percent fall in revenue even as beverage sales rose 2 percent by volume in fiscal year 2016, as foreign currencies struggled against a strong dollar.
The brewer of Miller Lite, Castle Lager and other beers said its revenue rose 5 percent in the year ended March 31, on a constant currency basis, as sales grew stronger in Africa and Latin America.
SABMiller's group net produce revenue came in at $24.2 billion for the year, down from the $26.3 billion it earned a year ago including the impact from currency exchange rates.
(Reporting by Vidya L Nathan in Bengaluru, Editing by Sunil Nair)

Culled from Reuters