EFE Securities •

5 months ago •

Company Papers

DELTA FY24 RESULT

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.