Articles tagged 'sabmiller'

Lager beer volumes increase by 51 percent 18 April 2018 HARARE - SABMiller's Zimbabwe affiliate reported a 51 percent increase in annual volume of lager beer. Delta Corporation, which is 38 percent owned by global brewing giant SABMiller said in a trading statement its lager business had done well but taken a knock from problems in acquiring import...
Festive cheer eludes Delta as volumes dip 19 January 2016 HARARE - Zimbabwe's largest beverages maker, Delta Corporation (Delta), says it recorded subdued volume and revenue performance for the quarter to December 31, 2015, on the back of depressed aggregate demand. Delta — 38 percent-owned by global brewer SABMiller and with over $1 billion market c...
Delta records $35,7m profit 13 November 2015 HARARE - Zimbabwe's largest listed company, Delta Corporation Limited, posted a 19 percent drop in profits to $35,7 million in the six months to September 2015 due to pressure on discretionary spending and the resultant depressed consumer demand. The company's chairman, Canaan Dube, on Wednesd...
SABMiller bemoans Zim economic decline 22 April 2015 HARARE - International brewing giant, SABMiller Plc, has expressed concern over the declining economic situation in Zimbabwe which saw net producer revenue (NPR) of its local unit — Delta Corporation — shrinking by five percent. In a trading update, SABMiller Plc said challenges continue to pe...
Depressed economy hits Delta 14 November 2014 HARARE - Listed brewer Delta Corporation (Delta)’s attributable income slumped seven percent to $44,1 million in the half year to September 2014, as depressed economic activity hit lager beer demand. During the period under review, the group’s lager beer volumes went down by 25 percent to 695 ...
Depressed economy hits Delta lager volumes 14 October 2014 HARARE - Listed brewer Delta Corporation (Delta)’s lager volumes declined by 25 percent in the half year to September 2014 due to depressed consumer spending coupled with increased excise duty. The group — about 40 percent owned by London-based SABMiller — said Zimbabwe’s general economic perf...
Delta pays $ 27,8m dividend 13 June 2014 HARARE - Beverages manufacturer Delta Corporation Limited (Delta) has paid out a total $27, 8m dividend for the year to March 2014. The group — about 22 percent owned by South Africa-based SABMiller — declared a $2,25 cents per share interim dividend bringing the total dividend for the year to...
Harsh economy affects Delta: SABMiller 27 May 2014 HARARE - Global brewer SABMiller says the current economic crisis in Zimbabwe has affected the bottom-line of its subsidiary Delta Corporation (Delta). “The economic environment in Zimbabwe hampered the performance of our associate, Delta, with lager volumes declining by 18 percent,” said Alan...
SABMiller Zim unit pays $16m dividends 18 November 2013 HARARE - SABMiller's Zimbabwe unit Delta Corporation (Delta) will pay out a total $16 million after declaring a $1,30 per share interim dividend in the half year to September 2013. This comes as most Zimbabwe Stock Exchange (ZSE) listed firms are struggling to declare dividends due to a depres...