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  • Who we are
    • About Us
    • Our Vision and Mission
    • Our Core Values
    • Our History
    • Our Directorate
    • Our Management Group
    • Our Subsidiaries
    • Our Partnerships
  • What we do
    • Beer and Brewing
    • Sparkling Beverages Manufacture
    • Schweppes Holdings Africa
    • Alternative Beverage Manufacture
    • Maltings
    • Package Manufacture
    • Transport and Logistics
    • Training
    • Road Safety
    • Our Policies
    • Smart Drinking
      • Alcohol and Health
      • Smart Drinking Goals
    • Our Interactive Portfolio
  • Investors
    • Corporate Governance
    • Code of Conduct
    • Dividend Payouts
    • Share performance
    • Shareholder Notices
    • Results Centre
      • Abridged Financial Statements
      • Annual Reports
        • Interactive Reports
      • Presentation to Analysts
    • Trading Updates
    • Investors Corner
  • Our Brands
    • Lager Beers
    • Sorghum Beer
    • Sparkling Beverages
    • Alternative Beverages
  • News & Media
    • News Stories
    • Press Releases
    • Shareholder Notices
    • Magazines / Newsletters
    • Tenders
    • Careers
      • Why Apply with Us ?
      • Apply
      • Our Diversity
      • Our Culture
      • Students
      • Induction Training
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  • African Distillers
  • 2019 REVIEW OF OPERATIONS – AFRICAN DISTILLERS LIMITED

Operations Update African Distillers

29 Nov

2019 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 entity became a subsidiary from November 2018.

Afdis reported an improved volume and financial performance for the six months to December 2018 with volume up 40% and revenue increasing by 57%. This was mainly driven by the ready-to-drink and spirits segments as consumers shifted to more accessible locally produced brands. The supply of key raw materials and packaging is being constrained by the shortages of foreign currency.

The emerging pricing distortions in the market and the fast depreciation of the local currency will adversely impact on business performance.

The company continues to support performing arts and theatre through its longstanding partnership with the Reps Theatre. The sponsorship of awards under various categories provides amateur artists and school students a platform to showcase their theatrical talent.

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