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.