Delta Corporation today 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 today.
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.-The Source
(31 VIEWS)
This post was last modified on October 17, 2016 4:09 pm
Zimbabweans will soon be able to change their ZiG to United States dollars and vice-versa…
Senator Sengezo Tshabangu yesterday expressed dismay at the pace at which the government is constructing…
Zimbabwe has ordered providers of goods and services to use the official exchange rate or…
Zimbabwe is going to introduce legislation which ensures that the country uses one exchange rate…
The role of social media on how people get their news in Zimbabwe is being…
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
