Fin24

SABMiller firm hits $1bn Zim market cap

2012-10-05 14:01

Harare - Zimbabwe’s beverages company Delta Corporation, owned 40% by SABMiller [JSE:SAB], became the first Zimbabwean company to reach $1bn market capitalisation at the Zimbabwe Stock Exchange.
 
In Friday trade the company picked up 0.48% to close at 83.5 US cents and take its market capitalisation to $1.004bn, a first for any Zimbabwean company.
 
In its last full-year results Delta Corporation posted a 38% rise in full-year earnings, driven by strong demand for alcoholic and non-alcoholic beverages.

Delta said basic earnings per share jumped to 6.22c on the back of a 19% increase in beverage volume sales. Lager beer sales reached 1.98 million hectolitres during the year, almost 100% of Delta’s capacity.

Revenue grew 36% to $555m, and profit after tax rose to $75.2m.
 
SABMiller started reporting Delta Corporation's results from April 1 2010.




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Comments
  • tatsee - 2012-10-05 14:25

    Cheers!

  • teddy.beer.319 - 2012-10-05 15:09

    Doing much better than the host Govt!

  • douglas.reid.921 - 2012-10-05 15:15

    What's the bet Bob and his cronies have a good chunk of the other 60%

  • mxolisi.sibanyoni - 2012-10-05 15:46

    good to see that. Hope more companies will also start reporting such good news.

  • husaberg.twostroke - 2012-10-05 17:54

    Please tell me these numbers are real. I wouldnt trust anything coming from Mugabes ZIM.

      Ven Tsache - 2012-10-05 21:21

      @Husaberg..Zim is recovering...!the tables are turning..

  • isaac.tapfumaneyi.5 - 2012-10-05 23:06

    in fact delta beverages was voted one of the biggest companies in africa.way to go delta we will continue to support you for our countrys industrial development.makarokoto

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