Advertise with

SABmiller Zim subsidiary beats forecast
SABmiller Zim subsidiary beats forecast

SABmiller Zim subsidiary beats forecast


Fin24 - May 16th, 09:40

Harare - Delta Beverages, the Zimbabwe-based subsidiary of SABMiller [JSE:SAB], continued to defy the odds in the economically ravaged country with forecast-beating earnings for the year ended December 31 2012. 

Delta’s earnings per share for the period under review outstripped analysts' expectations of about 7 US cents.

Earnings per share for the period at US8.49c was 36.4% higher than the previous comparative year's EPS of 6.22c.

The company also declared a healthy final dividend of 2.23c/share, bringing the total dividend for the year to 3.4c, a 63% increase over the prior year.

The declared dividend means SABMiller will get about $9.6m for its 36% shareholding.

Delta is now Zimbabwe’s biggest listed company, with a market capitalisation of $1.6bn as of Wednesday.

Related News

SABMiller: Stock hit by Unilever data, strike
14/10/2013 - 10:30
SABMiller suffered its biggest weekly decline in more than two years last week as a strike at its South African beer operations continued and Unilever said sales growth slowed in emerging markets.

Pelhams forecasts half-year loss, Zimbabwe
27/09/2013 - 13:22
Zimbabwe Stock Exchange-listed household and appliance retailer, Pelhams Limited, is forecasting a loss in the first half to September due to subdued consumer spending on the back of an underperforming economy, a company official has said.

Edgars Stores Limited after-tax profit up 17 percent, Zimbabwe
27/09/2013 - 13:00
Edgars Stores Limited after-tax profit for the 26 weeks ended July 6 was up 17% to $1,1 million, buoyed by growth in revenue.

SABMiller expects more consolidation
24/09/2013 - 11:40
The consolidation of the global beer industry, which took SA Breweries from a dominant South African player to a dominant global player in just 10 years, had not come to an end, Alan Clark, SABMiller’s recently appointed chief executive, said this week.

SABMiller ramps up brewing in Africa
26/08/2013 - 08:21
In a bid to ensure it is able to harness the ongoing strong demand in Africa, SABMiller announced two major investments in the region yesterday.