SOUTH AFRICA: KWV Investments squeezed by Distell's dismal figures
By Arnold Kirkby | 23 February 2001
The dismal interim figures released by the newly merged Distillers-Stellenbosch Farmers' Winery group, Distell, have impacted on those of the KWV group's JSE Securities Exchange listed holding company, KWV Investments. In a profit announcement and dividend declaration report released on Wednesday, net profit attributable to ordinary shareholders was down 43% for the six months to December 2000 compared with the same period in 1999. This amounted to SAR36.09 million (£4.5m) compared with SAR63.46 million.
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The dismal interim figures released by the newly merged Distillers-Stellenbosch Farmers' Winery group, Distell, have impacted on those of the KWV group's JSE Securities Exchange listed holding company, KWV Investments. In a profit announcement and dividend declaration report released on Wednesday, net profit attributable to ordinary shareholders was down 43% for the six months to December 2000 compared with the same period in 1999. This amounted to SAR36.09 million (£4.5m) compared with SAR63.46 million.
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