AfDIS completes US$1m cider plant

Listed spirit and winemaker, African Distillers (AfDIS), has completed the construction of its US$1m ciderfermentation plant as it quickens pace to produce ciders locally, Business Times reported.AfDI...

By Staff reporter | Published: 02 June 2022


Delta snaps up 50,1% stake in Afdis

LEADING beverages maker, Delta Corporation, has consolidated its stake in African Distillers Limited (Afdis) after acquiring 50,1 percent share ownership, management has said. Delta Southern Region ge...

By Staff reporter | Published: 30 April 2019


Afdis records 56% earnings growth

Spirits and wines maker, African Distillers Limited's (Afdis) says demand for its products remained buoyant but could not be fully satisfied due to the inconsistent supply of finished products owing t...

By Staff reporter | Published: 16 February 2018


Afdis seeks share option scheme approval

AFRICAN Distillers Limited (Afdis) is seeking shareholder approval for an employee share option scheme of four million shares meant to incentivise and retain employees.In a notice of the annual genera...

By Staff reporter | Published: 16 October 2017


Afdis seeks regional markets

AFRICAN Distillers (Afdis) Limited has revived its bid to seek export markets for its beverages as it moves to grow its business.Afdis manag­ing di­rec­tor, Mr Ce­cil Gombera, said his company was...

By Staff reporter | Published: 02 October 2017


Afdis in $700,000 dividend

Spirits and winemaker African Distillers Limited (Afdis) has declared a $750 807 dividend for the year ended June 2017 buoyed by increased volumes and production.Afdis chairperson, Pearson Gowero, sai...

By Staff reporter | Published: 29 August 2017


AFDIS doubles profits in H1

Listed wines and spirits maker African Distillers Ltd (AFDIS) doubled its after-tax-profit to $2, 7 million in the six months to June 30, 2017 from $1, 1 million recorded in the same period last year....

By Staff reporter | Published: 24 August 2017


Sound results for Afdis

African Distillers (Afdis) Limited turnover grew by 11%, whilst volumes declined by 2% in 2013, owing to the tough economic environment, the company said in a commentary accompanying its half year res...

By Business reporter | Published: 17 February 2014


Afdis grows revenue by 11%

Afdis reported a reasonable set of results showing 11% growth in turnover to $18.4m on the back of a favourable sales mix which positively impacted trading margins. Nonetheless, sales volume declined ...

By Staff reporter | Published: 13 February 2014


Afdis concludes rights issue

ZIMBABWE Stock Exchange-listed alcoholic beverage maker, African Distillers (Afdis) majority shareholder, African Distillers Holdings, has increased its shareholding following the conclusion of a $5 m...

By Staff reporter | Published: 16 January 2014


Afdis shareholders approve $5m rights offer

SPIRITS maker African Distillers shareholders have approved a $5 million rights offer that is earmarked for the procurement of a new ready- to-drink plant that has the capacity to produce 27 000 bottl...

By Staff reporter | Published: 10 December 2013


Afdis in bid to raise $5 million

Spirits brewer African Distillers said on Monday it intends to raise $5 million through a rights offer of over 15 million shares.The Zimbabwe Stock Exchange listed company said the funds would be inve...

By New Ziana | Published: 19 November 2013


Delta could increase shareholding in Afdis

ZSE-listed wines maker, African Distillers Limited (Afdis), has begun talks that could possibly result in beverages firm, Delta Corporation, increasing its shareholding in the company.There has been n...

By Staff reporter | Published: 14 November 2013


Afdis focuses on growing home-produced brands

African Distillers Limited MD Cecil Gombera told the AGM that the company recorded a 6% growth in volumes in the first quarter (July- September 2013) of the financial year as the group focuses on grow...

By Staff reporter | Published: 06 November 2013


Afdis courts shareholders on expansion funding

ZSE-listed wines maker, African Distillers Limited (Afdis), says it is finalising funding options with key shareholders over its expansion drive.Afdis - whose major shareholders include SABMiller asso...

By Staff reporter | Published: 01 October 2013


Afdis to install new bottling line

Zimbabwe stock exchange listed wines and spirits producer, African Distillers Limited is planning to install a million dollar bottling line in a bid to modernise its production and improve capacity ut...

By Staff reporter | Published: 16 September 2013


Afdis continues to enjoy volumes growth

Afdis continues to enjoy growth in volumes, revenues and profits as it regains its position in the spirit and wines market supported by improving operational efficiencies. Sales volumes grew by 18% w...

By Staff reporter | Published: 29 August 2013


Afdis reports a strong operating performance

Afdis reported a strong operating performance showing a 22% growth in sales volumes to 3.2m litres. Local production increased by 21% to 1.7 million litres and accounted for 62.9% of total revenue. ...

By Business reporter | Published: 10 June 2013

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