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.
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This post was last modified on July 13, 2016 3:44 pm
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