No cash no beer, but Chibuku remains Super


0

Chibuku-superBeverage manufacturing Delta Corporation today reported an 11 percent decline in revenue in the first quarter to June 30 on weak consumer demand in the face of depressed disposable incomes.

During the quarter, lager beer volumes were 14 percent down compared to the same period last year while sparkling beverages also declined nine percent over the same period.

“Consumer spending has been affected by the limited access to cash, a poor agricultural season and the generally weak macro-economic performance,” the company said in an update.

Sorghum beer volumes increased nine percent in the quarter, driven by improved availability of the company’s popular Chibuku Super brand.

(69 VIEWS)

Don't be shellfish... Please SHARETweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print

Like it? Share with your friends!

0
Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

0 Comments

Your email address will not be published.