Distell forecasts higher profit
FMCG SUPPLIER NEWS
IOL Business - Jan 24th 2012, 08:02
Liquor group Distell (DST) advised on Monday that earnings per share and headline earnings per share for the six months ended 31 December 2011 are likely to be between 20% and 25% higher than the corresponding reporting period of the previous year.
It said this is largely attributable to an improvement in operating profit, mainly as a result of increased sales volumes and the favourable impact of a weaker Rand against all major currencies.
Distell is currently finalising its results for the six months ended 31 December 2011, which should be released on or about 15 February 2012. - I-Net Bridge
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