SABMiller in the quarter's performance is affected by China

The Brewer SABMiller announced on Wednesday an increase in sales of the third quarter, despite ongoing weakness in China due to bad weather last year.
The manufacturer of brews such as Peroni and Grolsch, which is also partially owns the best-selling beer in China, saw a 4 percent increase in revenue for the quarter ending December 31.
The volume, which measures the amount of drinks sold, fell 1 percent to beer and rose 4 percent for the sodas. SABMiller sells its own soft drinks in some regions, including Latin America, and sells soft drinks for Coca-Cola in Africa.
"Our business in Latin America and Africa continued to grow in both volume and revenue, along with Europe, while the most difficult trading conditions, particularly in China, have damaged the overall performance of the group," said the company's Chief Executive, Alan Clark.
In China, revenue fell 7 percent and volume declined 9 percent, with double-digit declines in the Northeast and in the central provinces.
The company cited the continuing impact of exceptionally bad weather in the country last summer, which also hurt profit in the second quarter.
Around the globe, revenue climbed 5 percent in Latin America, 7 percent in Africa and 3 percent in Europe. It fell 2 percent in the Asia-Pacific and 1 percent in North America.