11 December 2017
   
Gukurahundi: give us a break, says ED’s aide
MPs rage over illegally deployed army
Envoys to Algeria set cops on fellow Zims
Mpofu says saved by wife from mad Grace
Victims identify rogue soldiers at army HQ
Editors seen as pawns of Zanu PF factions
Parties demand 8 more weeks for voter entry
Councillors vow to Grab land doled by Chombo
MORE NEWS
Econet leads as mobile subscribers over 13m
Miners need $400m for 2018 operations
MORE BUSINESS
Intwasa extra to celebrate a new Zim
Zodwa Wabantu fails to turn up - again
MORE SHOWBIZ
SA: Rusike brace lifts Maritzburg
Zimbabwe Cricket cash crisis worsens
MORE SPORTS
Zims duped! It’s about Zanu PF for ever
Mnangagwa presidency built on quicksand
MORE OPINION
 
The Mugabe prophecy that never was
Opposition: An inconvenient truth
MORE COLUMNISTS
 
 

Delta Beverages feels cash crunch

 
13/10/2017 00:00:00
by Source.co.zw
 
 
RELATED STORIES

HARARE: Zimbabwe Stock Exchange-listed beverages manufacturer, Delta Corporation (Delta), says its sorghum beer volumes for the quarter to September were down three percent, affected by cash shortages in the main markets.

In an update for the quarter, Delta company secretary Alex Makamure said the sorghum beer, which traditionally records high sales volumes as it is a low margin product, had also recorded a four percent volume decline for the six month period to September.

“This category is particularly impacted by transactional charges in the rural markets and trading up to lager beer in some markets,” Makamure said in the update.

However, lager volumes were buoyed by value packs posting higher volumes on the prior comparable period.

“Lager beer volumes grew 11 percent above prior year for both the quarter and six months with a mix in favour of value packs and brands benefitting from improved disposable incomes driven by agriculture and small scale farming,” he said.

Sparkling beverages volumes declined one percent for the quarter and closed flat on prior year for the six months while mahewu volumes went up 12 percent and 19 percent for the quarter and six months respectively.

Revenue was up one percent for the quarter and two percent for the six months.

The company declared an interim dividend of 2,25 cents per share.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker