Delta Corporation Limited's revenue grew by 18%

DELTA CORPORATION Limited's revenue for the interim period ending September 30 2012 grew by 18 percent to US$299,6 million from US$254,8 million during the same period last year due to higher volumes on lagers and sparkling beverage, price correction on the sorghum business and increased contribution of its premium brands.

During the period under review, the beverage company's board declared an interim dividend of US$1,17c per share to be paid to shareholders on December 12 2012.

Announcing the company's results on Wednesday, Delta said its operating income grew by 41 percent while the operating margin improved from 18,5 percentlast year to 22 percent spurred by the favourable mix of premium products and operational efficiency.

Cash generated from operations was US$7,7 million an increase of US$15,4 million over last year. Net debt has remained within plan at US$20,9 million.

Capital expenditure amounted to US$36,6 million, notable projects being the lager packaging line in Harare and the installation of a PET line at the re-opened Bon Accord soft drinks facility in Bulawayo.

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