Johannesburg - Distell said yesterday that its group revenue for the year to June rose by 9.6 percent to R21.5 billion.
Domestic market revenue rose 12.1 percent to R15.4bn on sales volume growth of 8.8 percent during a period of economic contraction and pressure on consumer spending.
“We have improved our marketing and sales capabilities by expanding our national footprint and deepening our market penetration to access 36 000 outlets and have achieved growth across all our market categories,” said Richard Rushton, Distell’s group managing director.
Headline earnings per share rose 12.1 percent to 735.3c. Net cash generated before financing activities was R535.3 million, with a debt to debt-plus-equity ratio of 26.7 percent and a debt-equity ratio of 36.5 percent.
Distell declared a final dividend of 214c per share from 188c per share last year. SABMiller’s 26 percent stake in Distell is up for sale after the Competition Commission made it a condition for Anheuser-Busch InBev’s takeover of SABMiller.
Distell shares gained 0.59 percent yesterday to R171.
BUSINESS REPORT