Distell forecasts higher profit
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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31/10/2013 - 08:26
Indigenous liquor giant, Kasapreko Company Limited (KCL) placed sixth in the 2013 Ghana Club 100 ranking.
Distell taps into China's cognac market
09/10/2013 - 10:23
Johannesburg - South African liquor company Distell Group Limited [JSE:DST] has acquired a 60% share in fast-growing liquor distribution company CJ Wines & Spirits‚ expanding its presence in the East.
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Cape Town - South Africans spend almost four times more on alcohol and cigarettes than on medical expenses and over one and a half times more on clothes than on education, a new study has revealed.
Distell defies tough market to post revenue rise of 12%
22/08/2013 - 11:16
The Distell Group succeeded in raising revenue 11,9% to R15,9bn on a sales volume increase of 7,2% for the year to June 2013. This was despite exceptionally tough trading conditions, marked by a global slowdown in economic growth, contracted disposable income and reduced consumer spending in many of the regions where it markets its range of spirits, wines and ciders and RTDs.
Growth in SA and Africa buoy Distell in tough times
27/02/2013 - 08:08
Continued growth in sub-Saharan Africa, including South Africa, and the benefits derived from a weak rand resulted in the Distell Group raising revenue year-on-year by 9,3% to R8,7 billion for the six months to December 2012.