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Delta revenue falls 8pct

18/10/2016 00:00:00
by Source.co.zw
 
 
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HARARE: Delta Corporation on Monday reported an eight percent decline in half-year revenue on weak volumes and depressed consumer demand.

Larger beer volumes were down 7 percent compared to prior year for the quarter and 11 percent down for the six months.

Sparkling beverages volume is up 3 percent for the quarter and down 3 percent in the six months to September.

Sorghum beer volumes increased by 4 percent in the quarter and 6 percent for the six months.

“The contribution of Chibuku Super remains strong. The delays in payments to foreign supplies resulted in the late commissioning of the new plants at Masvingo and Kwekwe which are now expected to contribute to production before the end of the calendar year,” the company said in a trading update on Monday.

Delta also said disruptions in water supply were impacting production.

“There is an emerging risk on water supply due to depleted dam and groundwater sources. This is causing production disruptions,” it said.



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