An interim dividend of 154c per share was declared - up 1.3% from a year ago. Reported headline earnings rose 22.9% to R1.1bn‚ while operating profits increased 27.2% to R1.5bn.
Normalised headline earnings and operating profit‚ which exclude the results of BSD‚ increased by 8.8% and 13.4% respectively.
Revenue grew 15.1% to R9.9bn on a sales volume increase of 5.5%. Domestic revenue was up by 5.2% and sales volumes by 3.1% in what
International sales volumes‚ including Africa‚ rose by 12.7% while revenue improved 48.9%‚ benefiting from a weaker rand and the addition of the BSD portfolio.
Ciders and RTDs again delivered strong volume growth while the wine and spirits portfolios delivered growth of 6.4% and 54.0% respectively.
"Sub-Saharan African markets‚ continued to deliver exceptional results with strong volume growth across all categories. The region contributed 55.1% to foreign revenue‚"
Looking ahead‚ the group said it expects challenging trading conditions in many of its markets for the remainder of this year.
However, it believes the strength‚ appeal and diversity of its brands‚ its enhanced capacity to trade across a spectrum of markets and the security of its financial position will allow
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