HARARE: Delta Corporation’s revenue for the nine months to September 2015 decreased by 7 percent, weighed down by falling volumes across the beverage maker’s major product lines. In a trading update for the period under review, the country’s largest manufacturer of beverages said revenue was also 5 percent down for the quarter due to changes in the portfolio mix and price moderations in the year to boost demand.
The Zimbabwe Stock Exchange listed beverage maker, manufacturer of Castle, Zambezi, Pilsner and Lion lagers said that it will continue to implement strategies to retain customers. “Group revenue is down 5 percent for the quarter and 7 percent for the nine months to September, reflecting changes in the portfolio mix price moderations during the year,” Delta said.
Lager volumes for the quarter to September declined by 14 percent compared to the same period last year, reversing nascent recovery registered the prior quarter of the nine months in review. Sparkling beverages volumes were flat on prior year for the quarter and down 9 percent for the nine months to September, despite brief increase in demand driven by high temperatures.
