African Distillers Limited (Afdis) volumes grows up by 28%

Harare – The leading manufacturer and distributor of wines, spirits and ciders African Distillers Limited (Afdis), has registered a volume growth of 28% for the quarter of last year same period.

Afdis has been operating during the recent COVID-19 lockdown restrictions which negatively impacted the economy in the quarter under review, prohibitions of travel and social gatherings affected the overall demand.

In a statement issued by the Company Secretary, Lydiah Matamuko, the company noted a general improvement in the trading environment.

“Spirits and Ready-To-Drink (RTD) volumes grew up to 43% and 24% respectively and wines declined by 38% over the last prior year quarter comparative.

“In addition to the growth in volume, a favourable sales mix which favoured higher valued spirits largely contributed to the good revenue performance,” she said.

Matamuko said that company was able to meet all its demand and satisfy the markets requirements owing to the improved recently introduced foreign currency supply.

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