2017 REVIEW OF OPERATIONS: AFRICAN DISTILLERS LIMITED

African Distillers Limited is a public quoted company whose core business is the manufacture, distribution and marketing of branded wines, spirits, liqueurs and ciders for the Zimbabwean market

The associate registered a commendable growth on both revenue and volume for the six months to December 2016. This was driven by the higher offtake of ready to drink products following the localisation of the bottling of ciders and reduced imports. Revenue rose 10% whilst volume was up 25% spurred by price moderation. Operating income was up 17% to US$2,5 million for the six months to December 2016.