The world's second-largest brewer and maker of Miller Lite, Peroni and Grolsch, SABMiller has expanded its business in emerging markets in Africa and Asia. The reports of the fourth-quarter beer sales and market analysts say that the expansion has proven beneficial for the company.

The company has reported an increase in its fourth-quarter sales due to the expansion in Africa and Asia. The full year revenues of the company rose by 5% and sale of the company increased by 2%. SABMiller has earned 80% of its profits from the emerging markets which helps it in counterbalancing the loss due to flat Western beer markets.

The sale of SABMiller has shown an increase of 13% in African market and of 8% in Asian Market. The sale volume was flat in Latin America but fell by 3% in Europe. The shares of the company were up by 29.5p to £22.20 at London stock market.

SABMiller revealed that like its competitors, the company is also facing higher costs for raw material commodities such as barley, wheat and corn. The cost of raw material increased in the second-half of the year but was marginally lower for the full year.