Total revenue was 3.6% in municipality billion rand, while operating profit was 948.1 million rand, virtually unchanged from rand 949.1 million. The interim dividend was maintained at 124 cents per share.
The company said that the trading environment remained extremely challenging, characterised by intensified competition, investment market increased competitor and the pursuit of consumer in the course of low-priced options.
Cider brands and RTD (ready-to-drink) continued their strong performance, considering that pass through the company's portfolio spirits declined. Distell wines portfolio also showed a marginal decline in the volume.
Distell that group MD Jan Scannell said, however, that the impact of earnings achieved reasonable sales had been undermined by adverse exchange rates and to a lesser extent, a less profitable sales mix.
"The strength of the rand denied many of the benefits that we would have derived from will increase the speed and better operational efficiency. As a result, profitability and margins have been affected, "said Scannell.
In the domestic market increased by 3.2% and 6.2% of revenues from sales volumes. Sales growth in local cider and RTD brands had offset the decline in sales of wine and had helped offset the decline experienced by the company's portfolio spirits.
International sales volumes, including Africa, increased by 1. 6 percent, reflecting a more favorable sales mix.
Most of the growth came from cider and RTD, said Scannell, with volumes of spirits which shows marginal growth.
Although the volume of exports of wine were in decline, mainly because of slow recovery from recession in Europe, the company had managed to improve its share of exports in total South African wine bottle for the period.
"Our share is strengthening in the sector, which is where we believe the long-term sustainability of the sector," Scannell said.
Africa, however, contributed 64.1% foreign revenue.
Scannell said the company was continuing to invest in infrastructures in many of its key markets and the introduction of additional measures to promote its efficiency.
Looking ahead, Distell said although there were signs of a global economic recovery, persistent persistent vulnerabilities in some neighborhoods. In addition, widespread unemployment and limited disposable income were likely to continue to adversely affect consumer spending. The trading environment would remain extremely competitive, both nationally and internationally.
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