SOUTH AFRICA: ABI announces healthy quarter
Amalgamated Beverage Industries has announced healthy figures for the quarter ended 31 December. The South African soft drink producer said today that sales growth for the quarter was "in excess of 10%."
Growth for the nine months to December last year reached around 8% through increased sales in both the alternative and traditional soft drinks sectors. The company heightened peak promotional activity during the period resulting in positive consumer consumption trends, it said.
The company also benefited from the interest rate decrease of 5.5% last year, from 17% in April to 11.5% in December. Weather conditions last year helped increase consumption for Amalgamated, as maximum temperatures over the previous year rose by 2.1 degrees on average.
In October last year, Amalgamated Beverage announced that it had increased its volumes (6%), adjusted headline earnings (21%), dividend per share (21%) and profits from operations (12%) for the six months to 30 September 2003.
Sectors: Soft drinks
- Is Diageo on the Brink of a Brain Drain?
- SABMiller edges Diageo as beer trumps spirits
- Will Keurig Kold come to Coca-Cola Co's Rescue?
- Focus - SABMiller's FY Sales Performance by Region
- Focus - Indonesia: Prohibition in Paradise?
- Rémy Cointreau eyes recovery after Q4 bounceback
- Carlsberg exec joins Diageo as Africa chief steps
- Diageo YTD sales come in flat
- Bacardi hands global advertising to single agency
- Heineken "concerned" as Indonesia enacts beer ban
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Bacardi Limited - Strategy and SWOT Report
- ALDI 2015: Radically transforming Anglo Saxon grocery markets
- Champagne: Less Than Bubbly