Daily Archives: August 31, 2016

South Africa’s Distell Group sees full-year revenue and profit rise amid volatile trading environment

South Africa’s leading wines, spirits and cider producer, Distell Group Ltd, said on Wednesday that full-year revenue for period ending 30 June 2016 rose 9.6% to R21.5bn rand ($1.46bn), helped by a deepening of market penetration in its home market where it now has access to 36,000 outlets across the country.

Distell which also makes ciders such as Savanna, Hunter gold, Hunter Dry, among others said that revenue in its home front climbed 12.1% to R15.4bn ($1.05bn) on a 9% volume lift during a period of contraction in the economy and pressure on consumer spending.

Brown-Forman reports revenue and profit decline in Quarter 1

Brown-Forman Corp, maker of Jack Daniels whiskey, Woodford Reserve, Gentleman Jack, among others said on Wednesday that revenue for the first quarter fell 5% to $661m.

The company blamed the drop in sales on foreign exchange headwinds in emerging markets and the disposal of two of its brands, Southern Comfort and Tuaca during the period under review.