February 23, 2018 / 5:49 AM / a year ago

South Africa's Distell H1 sales rise 9.3 pct

JOHANNESBURG, Feb 23 (Reuters) - South African wine and spirits maker Distell Group on Friday reported a 9.3 percent increase in revenue in the first-half, supported by higher volumes in the firm’s spirits and ready-to-drink businesses.

Distell, which makes Savanna cider and Amarula cream liqueur, said group revenue for the six-months ended Dec. 31 rose to 13.4 billion rand ($1.15 billion) from 12.3 billion rand a year ago.

Headline earnings per share, a widely watched profit measure in South Africa that strips out certain one-off, non-trading items, fell by 5.1 percent to 509.2 cents.

Retailers in South Africa are facing tough trading conditions as consumer sentiment hits multi-year lows and high unemployment and inflation erode disposable incomes in the country’s first recession in eight years. ($1 = 11.6800 rand) (Reporting by Nqobile Dludla; Editing by Biju Dwarakanath)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below