A member of the Zimbabwe Stock Exchange
Daily Pricesheet
Written by EFE Research
elta's Strategic Capacity Investments Drive Solid Operational performance… Delta's substantial capacity investments, totaling around US$100 million over the past two years, have empowered the company to achieve robust operational execution, steering it through the turbulent economic landscape marked by currency fluctuations and soaring inflation. Group revenue soared by 43% to $767.87m mainly driven by sustained consumer demand emanating from various sectors of the economy. Operating income soared 53% to US$152 million, propelled by its strategic investments in expanding production capacity therefore enhancing operational efficiencies. In the same vein, the operating margins were marginally higher at 20% from 18% in the prior comparable period. The group was profitable in the period under review as profitability increased by 59% to $100.54m, implying earnings per share of $0.0772 and rewarded shareholders with a total dividend of US3 cents. The group’s balance sheet stood at $403.46m with 222.18m of the funding being shareholders’ funds. The group closed with a positive balance of $9.67m which was a 31% drop from prior comparable period.
