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Harare - SABMiller’s Zimbabwean-based unit Delta Corporation reported a 12% growth in attributable earnings for the half-year to September 30 2013.
Delta's earnings per share had gone up by 9% to US$3.83 cents, it reported on Wednesday.
“The group’s results were affected by soft consumer demand occasioned by liquidity and affordability constraints,” said management.
The group declared a dividend of 1.30c, up 11% from last year’s dividend. In total the dividend was $16m.
Revenue for the period had amounted to $315.5m up 5% from last year’s $299.6m while earnings before interest, tax, depreciation and amortisation was up 10% to $77.7m.
In volume terms lager beer volumes came down to 10%, while sparkling beverages volumes went up 8%, chibuku up 9% and alternative beverages up 57%.
Management said the six months under review where tough and challenging as consumers where stretched.
Delta's earnings per share had gone up by 9% to US$3.83 cents, it reported on Wednesday.
“The group’s results were affected by soft consumer demand occasioned by liquidity and affordability constraints,” said management.
The group declared a dividend of 1.30c, up 11% from last year’s dividend. In total the dividend was $16m.
Revenue for the period had amounted to $315.5m up 5% from last year’s $299.6m while earnings before interest, tax, depreciation and amortisation was up 10% to $77.7m.
In volume terms lager beer volumes came down to 10%, while sparkling beverages volumes went up 8%, chibuku up 9% and alternative beverages up 57%.
Management said the six months under review where tough and challenging as consumers where stretched.
