Tinaye Agere
Online Reporter
DELTA Corporation Limited expects significant growth in volume uptake this financial year, banking on recently added production capacity.
This comes as Delta commissioned three new production lines after investing US$71 million in 2023.
It made plant investments into lager beers (US$15 million), Chibuku Super (US$20 million), soft drinks PET Line (US$10 million), vehicle fleet (US$5 million), containers (US$15 million) and US$1 million in its associate company, Afdis.
“The business will benefit from the improved product supply following the commissioning of additional production capacity during the past year and improved operational efficiencies across the business segments,” said Delta in its annual report.
Delta expects several headwinds in the operating environment owing to lower minerals prices and reduced agricultural output.
Revenue from mining is expected to fall by 10 percent this year, following a 7,6 percent decline in 2023 as the global market is battling with volatile prices for most metals.
Online Reporter