Festive spirit boosts Distell earnings
by Staff Writer,
2016-02-17 15:17:10.0
DISTELL said on Wednesday it had delivered "impressive growth" in its interim results, as festive merry-makers kept their lips wet with the company’s array of wines, spirits, ciders and ready-to-drink beverages.
In the six months to December 31 2015, Distell reported a 17.7% rise in headline earnings per share to 531.5c, while revenue grew 11.2% to R12.2bn compared with the year-earlier period.
Sales volumes were up 7.7% year on year and operating profit increased 16.5% to R1.7bn from R1.5bn in the previous year.
Distell declared an interim gross cash dividend of 165c per share.
Top volume performers in SA included cider brands Hunter's and Savanna, and 4th Street, which is now the country's biggest-selling wine brand.
"Consumers responded positively to our product offerings and promotions especially over the festive season. Our performance also reflects the continued progress we are making in SA where we are strengthening our market position with significant improvements in market penetration and customer service," said MD Richard Rushton.
At 2pm, Distell’s share price had risen 4.22% to R161, valuing the company at about R34bn.
Picture: THINKSTOCK
DISTELL said on Wednesday it had delivered "impressive growth" in its interim results, as festive merry-makers kept their lips wet with the company’s array of wines, spirits, ciders and ready-to-drink beverages.
In the six months to December 31 2015, Distell reported a 17.7% rise in headline earnings per share to 531.5c, while revenue grew 11.2% to R12.2bn compared with the year-earlier period.
Sales volumes were up 7.7% year on year and operating profit increased 16.5% to R1.7bn from R1.5bn in the previous year.
Distell declared an interim gross cash dividend of 165c per share.
Top volume performers in SA included cider brands Hunter's and Savanna, and 4th Street, which is now the country's biggest-selling wine brand.
"Consumers responded positively to our product offerings and promotions especially over the festive season. Our performance also reflects the continued progress we are making in SA where we are strengthening our market position with significant improvements in market penetration and customer service," said MD Richard Rushton.
At 2pm, Distell’s share price had risen 4.22% to R161, valuing the company at about R34bn.
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