Edition:
United Kingdom

Distell Group Reports HY HEPS 570,7 Cents


Friday, 1 Mar 2019 

March 1 (Reuters) - Distell Group Holdings Ltd ::UNAUDITED GROUP RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2018 AND CASH DIVIDEND DECLARATION.GLOBAL EXPANSION HAS WEAKENED AND GROWTH FORECASTS FOR 2019 AND 2020 HAVE BEEN REVISED DOWNWARD..HY COMPARABLE GROUP REVENUE GREW BY 9,1% TO R14,4 BILLION ON CONSTANT VOLUMES FROM CONTINUING OPERATIONS.HY REVENUE EXCLUDING EXCISE DUTY GREW BY 9,3%, REPORTED REVENUE GREW BY 7,3% FROM CONTINUING OPERATIONS.HY HEADLINE EARNINGS PER SHARE INCLUDING DISCONTINUED OPERATIONS OF PRIOR YEAR 570,7 CENTS.DIRECTORS HAVE RESOLVED TO DECLARE A GROSS CASH DIVIDEND OF 174,0 CENTS PER SHARE FOR HY.LESS FAVOURABLE WEATHER CONDITIONS IN CERTAIN MAIZE-PRODUCTION AREAS MAY ALSO NEGATIVELY IMPACT ON COUNTRY'S GROWTH OUTLOOK.OVERALL ECONOMIC GROWTH MOMENTUM IS EXPECTED TO PICK UP FROM SECOND HALF OF CALENDAR YEAR.