Delta records $32,3m profit

Delta records $32,3m profit
Delta records $32,3m profit
A Chibuku Super employee oversees the packaging of the brew

Delta to complete Natbrew Zambia acquisition next year

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However, Gowero said Nampack, which is on a closed period, experienced challenges with raw materials arising from shortages of hard currency.

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Enacy Mapakame Business Reporter DELTA Corporation Limited says the transaction for the acquisition of National Brewery Zambia (Natbrew) is expected to be completed by March next year as the beverages maker consolidates its position as a multi- beverages firm in the region. Delta said it would acquire a majority stake in Natbrew in order to boost its multi beverage strategy. Natbrew is the leading sorghum beer producer in Zambia whose products are marketed under the Chibuku brand.

In the half year to September 30, 2017, Delta’s profit after tax rose 4 percent to $32 million compared to $30 million achieved in the same period last year on improved business from associate companies. Profit from associates increased by 355 percent to $1,6 million from $351,000 in the same period last year, driven by positive performance from both Afdis and Schweppes which recorded revenue and volume growth in the period.(adsbygoogle = window.adsbygoogle || []).push({}); “That fits together in our long term strategy, of being a multi-beverage company,” said Mr Gowero on the sidelines of the group’s presentation of financial results for the half year to September 2017.

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