adminprevious comparable period, the company said in its half- year financials ended December 31 2011.
Sales volumes grew 36 percent to about 2,7 million litres as imports contribution declined to 40 percent from 63 percent in prior year.
Gross profit margins grew by 8 percent to 33 percent on improved sales mix. Earnings before interest taxation, depreciation and atomisation margins thickened to 10,8 percent boosted by improved efficiencies as the company benefited from the restructuring exercise.
Net finance income was enhanced by a US$0,7 million exchange gain as the company benefited from exchange fluctuations of the US dollar against the rand.
Cash generation was constrained on high working capital requirements although cash generated from trading activities improved.
Going forward, the company anticipates volume growth and profitability during the second half. Trading would be maintained at current levels.
The group expects to reduce its debt despite the prevailing liquidity constraints while the recently introduced 25 percent surcharge on imported beverages is set to boost local production.
Online Reporter
- Herald
- July 31, 2026
- 24 views
Economy: Growth signs visible
Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…
