Zimbabwe: SABMiller’s Delta Corporation becomes the first Zimbabwean company to reach $1 bln market capitalisation

Zimbabwe’s beverages company Delta Corporation, owned 40% by SABMiller, became the first Zimbabwean company to reach $1 bln market capitalisation at the Zimbabwe Stock Exchange, fin24 reported on October, 5.


In Friday, October 5 trade the company picked up 0.48% to close at 83.5 US cents and take its market capitalisation to $1.004bn, a first for any Zimbabwean company.

In its last full-year results Delta Corporation posted a 38% rise in full-year earnings, driven by strong demand for alcoholic and non-alcoholic beverages.

Delta said basic earnings per share jumped to 6.22c on the back of a 19% increase in beverage volume sales. Lager beer sales reached 1.98 million hectolitres during the year, almost 100% of Delta’s capacity.

Revenue grew 36% to $555 mln, and profit after tax rose to $75.2 mln.

SABMiller started reporting Delta Corporation's results from April 1 2010.

05 October, 2012