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Delta Corporation records 10% decline in revenue, gives update on AB Inbev & Sabmiller deal

7 years agoMon, 16 Jan 2017 21:38:03 GMT
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Delta Corporation records 10% decline in revenue, gives update on AB Inbev & Sabmiller deal

Delta Corporation has recorded a 10 percent decline in revenue during the quarter ended 31 December 2016, attributed to the depressed demand and product shortages due to water supply disruptions.

Figures released by Delta show that sorghum beer volume declined by 4% for the quarter, owing to the disruptions to production expressed due to water cuts. The disruptions affected production at Chitungwiza and Fairbridge plants. Lager beer volume was also down 8% for the nine months to December 31, 2016. Sparkling beverages volume was down 11% for the quarter due to the adverse impact of the increased imports from neighbouring countries.

Meanwhile, Delta Corporation confirmed that discussions are ongoing between the board and the other parties following the AB Inbev and Sabmiller deal with no specific position having been reached with respect to Zimbabwe.

 

More: ZBC

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