Delta net income up 4pct in H1

HARARE, November 8 (The Source) – Delta Corporation on Wednesday reported a 4 percent increase in after tax profit to $32,3 million for the six months to September, from $30,98 million in the comparable period last year on improved finance and income from associates.

Delta buys Zambia’s National Breweries

HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More

Delta says to rebrand the Scud

HARARE, July 28 (The Source) – Beverage maker Delta Corporation says it will rebrand its iconic Scud sorghum beer before year end as part of group’s cost cutting measures to improve revenue growth.

Delta shuts down Vic Falls depot

VICTORIA FALLS, July 25, (The Source) – Beverage giant Delta Corporation says it is closing its Victoria Falls distribution depot as the company moves to rationalise its operations. The company currently operates 23 distribution depots across the country. Corporate Affairs Director Alex Makamure told The… Read More

Delta Q4 revenue down 15pct

HARARE, April 13 (The Source) – Beverage giant Delta Corporation on Thursday reported a 15 percent drop in revenue for the fourth quarter to March 31 compared to the previous quarter as demand continues to fall. The company said it will release its full-year financial… Read More

ZSE holds steady despite Delta losses

HARARE, October 29 (The Source) – The Zimbabwe Stock Exchange this week held steady despite its biggest counter, Delta Corporation trading in the negative over the possible loss of the Coca-Cola bottling business. Delta is reeling from The Coca-Cola Company (TCCC)’s to terminate their Bottlers’… Read More

Delta revenue falls 8pct in H1

HARARE, October 17 (The Source) – 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… Read More