Distell reports profit drop as brewers fight for market share
The group reports that SA consumers are seeking value, and deep discounting in beer is shaking up SA liquor sales
27 February 2020 - 08:21
Distell, the maker of Amarula, Klipdrift and Hunter’s Dry brands, said its profit margins came under pressure in its half-year to end-December, as SA consumers sought value and brewers discounted their products in a fight for market share.
The group reported a 6.6% fall in volumes for the period, with profit falling 1.2% to R1.26bn...
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