Guinness maker Diageo says sales jump on Latin America boost

19th October 2011, Comments 0 comments

Diageo, the world's biggest producer of alcoholic drinks, announced a rise in quarterly sales Wednesday on the back of strong growth in emerging markets across Latin America and Asia.

The maker of Guinness stout said in a statement that sales rose nine percent in the group's first quarter, or three months to the end of September, compared with the equivalent period in 2010.

"Diageo has delivered a good start to the new financial year," said chief executive Paul Walsh.

The most impressive growth was in the Latin American and Caribbean region, which saw a huge 30-percent increase, and in Asia Pacific, where sales leapt by 14 percent.

Sales grew nine percent in Africa, six percent in Europe and five percent in North America.

The London-based British brewing giant also makes Johnnie Walker whisky, Smirnoff vodka, Baileys liqueur, Captain Morgan rum and Tanqueray gin.

© 2011 AFP

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