Published: 20 July 2017

AN Equity analyst from a deading stockbroker says Delta remains the ZSE's bellwether stock.

In a note to clients, Imara Edwards analyst, Addmore Chakurira, said in their opinion, "Delta remains the ZSE's bellwether stock." Imara maintained its accumulate investment recommendation for

Delta reported an improved operating performance for the three months to 30 June 2017 as volumes recovered in most categories. Lager volumes increased by 12% year on year for the quarter driven by a stronger recovery in the value brands. Soft drinks volumes grew by 3% for the quarter. Although sorghum beer volume declined by 5%, volume for Chibuku Super grew by 9%.

Revenue for the quarter increased by 2% year on year lower than the volume growth due to the change in sales mix. A further business performance update will be provided at the AGM, to be held on Friday, 28th July 2017. We are in the process of updating our model. 
- Business Daily

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