Delta Corporation Limited, which ended its year on 31 March 2018, announced that it registered strong consumer demand on the fourth quarter, a continuation of the positive trends witnessed in the previous quarter.
The company’s update states that Lager beer volume grew 51 percent above prior for the quarter and 27 percent for the full year.
Although the corporation registered some positive growth, some categories such as the Lager beer are meeting challenges due to foreign currency shortages in Zimbabwe.“Sparkling beverages volume increased by 49 percent over prior year for the quarter and 15 percent for the twelve months” Delta Corporation said in a press release.
“Group revenue increased by 52% (45% excluding Natbrew Plc) for the quarter and is up 18% for the full year (17% excluding Natbrew Plc).”
Although the corporation registered some positive growth, some categories such as the Lager beer are meeting challenges due to foreign currency shortages in Zimbabwe.
“This beverage category has a significant import requirement and hence it will be more adversely affected by the ongoing foreign currency challenges,” Delta Corporation said.
“There were pronounced product supply gaps occasioned by the challenges in acquiring imported raw materials and services as the access to access to foreign currency has become increasingly difficult.”
“The Sorghum beer volume for Zimbabwe grew by 8% above prior year for the quarter and 2% for the full year. There were some considerable disruptions to the supply of Chibuku Super due to capacity limitations impacting suppliers of key packaging materials,” the company continues.
Delta Corporation Limited is an beverage company with a portfolio of local and international brands in lager beer, tradtional beer, Coca-cola franchised and the non-alcoholic beverages.
“Our new Zambian subsidiary, National Breweries Plc (Natbrew Plc) registered a 21% growth for the quarter on improved product supply,” the beverage company said.