Tag: Delta Corporation

Delta Corporation revenue jumps 114% on back of recovered volume sales from low prior year base

Editor

ZIMBABWE – Zimbabwe’s largest beverages maker, Delta Corporation, has registered a 114% growth in revenue in the first quarter to June 2021, in inflation adjusted terms, following significant recoveries in volumes, coming from a tight lockdown that disrupted business in the same period last year. The manufacturer of leading brands like Castle lager, Zambezi lager, Pilsener, Coca Cola and Chibuku in Zimbabwe, said on a historical basis, total revenue was 391% better than prior year. Delta attributed the first quarter volume recovery to a low base the group was coming…

Read More

Soft beverage manufacturer Schweppes Zimbabwe earmarks US$35m investment in citrus production

Editor

ZIMBABWE – Schweppes Zimbabwe, manufacturer and distributor of non-carbonated beverages in Zimbabwe, is seeking to invest US$35 million in the next 10 years into a 2 700-hectare citrus plantation. This is in a bid to increase production and valued addition at its Beitbridge Juice Processing Plant. Shweppes, operating under a licence from The Coca-Cola Company Limited, currently processes 20,000 tonnes of fruits annually, against a target of at least 40,000 tonnes. The deficit is due to limited supply of raw materials in the local market, necessitated by the fact that…

Read More

Zimbabwe’s African Distillers Limited reports rise in sales volume triggered by surge in spirits demand

Editor

ZIMBABWE – African Distillers Limited, manufacturer, distributor and marketer of branded spirits, ciders and wines in the Zimbabwean market, has reported sales volume growth of 34% in the nine months period ended March 2021. According to the beverage maker, the growth was triggered by surge in the consumption of spirits and ready to-drink beverages which grew by 50% and 22% respectively. The company indicated that a new product, Gold Blend Number 9, was launched in the spirit category during the period under review, and was well received by the market…

Read More

Delta Corporation benefits from product, market diversification reports 39% rise in full year revenue

Editor

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer has reported a 39% rise in full year revenue to ZW$ 40.45 billion (US$111.7m) for the year ended March 2021. The revenue growth, according to the manufacturing giant was driven by inflation induced pricing across all product categories. Delta operates in four segments: non-alcoholic beverages, sparkling beverages, lager beers and traditional beers. Its lager beer volumes grew by 17% compared to prior year, with the volume recovery attained mostly during the second and third quarters following the relaxation of the COVID-19 restrictions.…

Read More

Zimbabwe’s Delta Corporation invests US$1.1m in sorghum production to meet rising beer demand

Editor

ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of both international and locally produced beverages has invested US$1.1 million into sorghum planting under a strategy to secure inputs for its massive operation. The Zimbabwe Stock Exchange listed blue-chip, has recently been making fresh forays into domestic and foreign markets, unlocking opportunities for growth and higher demand for beer. The US$1.1 million injection, according to Zimbabwe Independent, will be channelled production of 13, 425 tonnes of sorghum to quench up the thirst of beer lovers as demand rises. “We have…

Read More

Delta Corporation Limited undertakes Executive restructuring following CEO scheduled retirement

Editor

ZIMBABWE – Zimbabwe Stock Exchange-listed beverages producer, Delta Corporation has announced the retirement of its CEO Mr Pearson Gowero with effect 30 June 2021, after eight years at the helm. Drawing to a close a distinguished career with the Group spanning nearly 25 years, Mr Gowero will be succeeded by Mr Matlhogonolo Valela, the Group Finance Director who will takes over the reins from July 1. Pearson was appointed as the Chief Executive Officer in June 2012, having joined the Group in March 1997. He started at Chibuku Breweries in…

Read More

Zimbabwe’s leading beverage manufacturer Delta Corporation expands soft drink distribution network

Editor

ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of beverages in Zimbabwe has received the approval of the Competition and Tariff Commission (CTC) to expand its soft drink footprint and distribution network in Manicaland province. The beverage maker is involved, through its principal subsidiary Delta Beverages, in the brewing of lager and traditional beer and the bottling of soft drinks under licence from the Coca Cola Company. Following the approval, The Coca-Cola Company has extended its sparkling beverages franchise arrangements to cover the Eastern part of Zimbabwe. This cements…

Read More

Delta Corporation reports 11% rise in interim revenue on back of high pricing

Editor

ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of beverages in Zimbabwe has reported an 11% rise in revenue to ZWL 12.9 billion (US$35.6m) in inflation adjusted terms, for the half year period ended September. The revenue growth which signified the company defying the impact of Covid-19 related restrictions that characterised the reporting period, was driven by inflation induced pricing across all product categories. Its operating income grew 15% to ZWL 4 billion (US$11m) while EBITDA went up by 12% to ZWL 4.5 billion (US$12.4m). The company’s Headline Earnings…

Read More

Delta Corporation reports decline in beer sales as sparkling beverages volume grow by 35%

Editor

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer has reported that its beer sales both lager and sorghum, took a dip in the first quarter to June 30, 2020, but its soft drink’s sales were positive. The mixed performance was achieved on the back of economic headwinds and limited access to markets due to Covid-19 induced restrictions. Delta operates in four segments: non-alcoholic beverages, sparkling beverages, lager beers and traditional beers. Its revenue for the first quarter was 5% below prior year in inflation adjusted terms compared to a growth…

Read More

Delta Corporation reports 480% rise in revenue despite significant economic constrains

Editor

ZAMBIA – Delta Corporation Limited, leading manufacturer and marketer of both international and locally produced beverages in Zimbabwe has reported a 480% growth in revenue to ZWL 4.2 billion (US$11.6m) on historical cost basis, in the year ended March 31, 2020 from ZWL 722m (US$1.99m) recorded the previous year. According to the company’s financial report, the revenue growth was driven by inflation induced pricing across all product categories. During the year under review Earnings before interest and tax (EBITDA) grew by 560% to ZWL 1.42billion (US$3.9m) while Operating Income rose by…

Read More