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.
HARARE, August 24 (The Source)- Spirit and winemaker, African Distillers’ after tax profit more than doubled from $1.11 million last year to $2.76 million in the six months to June, driven by a 13 percent increase in revenue. Revenue in the half year period was… Read More
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.
HARARE, May 10 (The Source) – Delta Corporation on Wednesday reported a 10 percent fall in revenue to $483 million in the full year to March 31, compared to $538 million in the previous year as demand remained depressed in the face of falling incomes.… Read More
HARARE, February 16 (The Source) – Spirits and wines maker, African Distillers recorded a 10 percent increase in after tax profit to $1.8 million in the half year ended December 31, 2016 from $1.6 million last year largely due to improved sales and cost reduction.… Read More
By Simbarashe Zishiri, HARARE, November 11 (The Source) – Beverage giant, Delta Corporation is likely to sell-off its sparkling beverages business, which bottles popular Coca-Cola brands, analysts say. Delta stands to lose a third of its business if The Coca-Cola Company (TCCC) follows through on… Read More
HARARE, November 9 (The Source) – Beverage manufacturer Delta Corporation on Wednesday reported revenue of $246,6 million, eight percent down on the prior year as most of its segments recorded lower volumes on the back of depressed consumer spending. Lager beer volume was down 11… Read More
HARARE, July 29 (The Source) – Delta Corporation says it will commission two new Chibuku Super plants in Masvingo and Kwekwe by October this year at a cost of $30 million to increase volumes of its popular sorghum beer. Chief executive Pearson Gowero told shareholders… Read More
By Chipo Musoko, HARARE, September 4 (The Source) – Zimbabwe’s biggest brewer, Delta says it is now 33 percent owned by locals after submitting its ownership plans to government almost seven years ago, while its employees have so far paid $7,1 million in taxes from… Read More
By Bernard Mpofu, HARARE, May 14 (The Source) – Delta Beverages says the economy requires a quick policy shift to stimulate growth after a poor performance in 2013 blamed on weakening consumer demand and high government levies. Volumes for Delta’s mainstay lager beers dropped 18… Read More
By Farai Murambiwa, HARARE, November 20 (The Source) – Delta Corporation’s performance seldom falters when it comes to providing a good read on key fundamentals pertaining to the Zimbabwean economy and HY 2014 financials did not disappoint in that regard. Muted growth in consumer spend… Read More