Distell sees earnings rise as it prepares to exit JSE

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The share price reflects the value of the Heineken deal and barely moved after the trading statement.

Distell, SA’s largest alcohol producer, will see headline earnings per share rise by as much as 40% for its year to end-June.

The maker of Savanna, Durbanville Hills wine and Bain’s whisky, said revenue grew by 20.8% while volumes were up 17.6%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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