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“During the year, we purchased additional shares in Delta, bringing our shareholding to 40 percent (25 percent group effective economic interest).
“Delta Corporation, our associate in Zimbabwe, experienced strong double digit growth across all beverage categories, which was achieved by improved availability assisted by previous capacity upgrades,” he said.
“Soft drinks volumes grew by 9 percent (11 percent on an organic basis) driven by good performances in Ghana, South Sudan and Zambia as well as by our associates Castel and Delta in Zimbabwe.”
In its full year results to 31 March 2012, Delta recorded a 36 percent revenue growth to $544,8 million on prior year while operating income grew by 44 percent to $98,3 million.
The beverages maker also recorded a 36 percent growth in revenue to $544,8 million on prior year while operating income grew 44 percent to $98,3 million.
Delta announced a 48 percent increase in operating income to $40 million while operating margins improved to 18,48 percent compared to 17,58 percent last year.
Attributable income stood at $73,7 million, 36 percent up from $53 million at the end of 2011.
Earnings before interest, taxes, depreciation increased by 45 percent to $118,7 million.
Cash generated from operations increased by $30 million on prior year to $121,3 million.
The group’s earnings per share went up 38 percent to 6,22 cents while annual dividend per share grew 39 percent to $1,25 cents.
Delta directors declared a final dividend of $1,25 per share payable out of the profits of the company for the period.
Online Reporter