Distell posts double-digit profit growth as Covid-19 restrictions ease
24 February 2022 - 07:47
UPDATED 24 February 2022 - 20:13
SA’s largest alcohol producer, Distell, says a trend to post-pandemic normality helped it grow profits by double digits in its half-year to end-December, with revenue in its core SA market up more than a fifth.
As expected, however, it is not paying a dividend as a condition of its R40.1bn sale to Europe’s largest brewer, Heineken, which will lead to its delisting from the JSE later in 2022. ..
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