RSS 2.0 FeedApril 2010 Vol 12, Business , Financial and Property Indaba
Delta of Zimbabwe Says Profit Surges to $33.5 Million
Delta Corp., Zimbabwe’s biggest brewer, profit for the year through March surged more than sixfold to $33.5 million.
Delta Corp., Zimbabwe’s biggest brewer, profit for the year through March surged more than sixfold to $33.5 million.
The company, which is part-owned by SABMiller Plc, said revenue more than tripled to $330.8 million, according to a presentation today.
Delta, which is based in the capital, Harare, plans capital expenditure of $56.4 million this financial year and $56.4 million in fiscal 2012.
Sales of lager beer rose 78 percent in April compared with the same month last year, Delta said today. Soft-drink sales rose 90 percent in the same period. Delta is one of two companies in Zimbabwe that owns the franchise to produce coke drinks.
“The health of the entire business is better than ever before,” according to the company’s statement
