Delta Beverages volumes up 4%

Delta Beverages volumes up 4%
Published: 16 October 2013
Delta publishes trading update for the second quarter ending September 30 saying consumer demand has remained generally soft, a trend that has been evident since the beginning of the calendar year.

Against this background total beverage volumes grew by 4% for both quarter and 6 months to September 30, compared with the same period last year.

Lager beer has continued to decline and is down 12% to prior year for the quarter and 10% for the 6 months. Sparkling beverages are up 4% for the quarter and 8% for the 6 months.

Sorghum beer registered a growth of 13% for the quarter and is up 9% for the half year driven by the new Chibuku Super and the move by consumers to value product offerings.

Maheu is up 42% to prior year for the quarter and up 57% for the 6 months.

Revenue is up 3% for the quarter and 5% for the half year. The overall financial performance for the quarter and half year is in line with expectations.

Delta recently reviewed prices on some of its beer products. The price increase ranged from 10% to 20% for lager beer.

The price adjustment was a reaction to the "abuse" by the retailers on pricing due to the shortage of coinage with the adjustment allowing Delta a share of the prevailing retail prices.

Financial statements will be published in the press on November 14.
- herald

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