Afdis records $7,2 million profit

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Afdis’ volumes increased by 36 percent compared to prior year
AFRICAN Distillers Limited (Afdis) recorded an inflation adjusted profit of $7,2 million for the year to March 31, 2022 compared to the previous year loss of $7 million (inflation adjusted).

Afdis’ volumes increased by 36 percent compared to prior year as a result of an increase in wine and ready to drink (RTDs) that grew by 65 percent and 50 percent respectively although the overall growth of the RTDs was affected by supply shortage.
“In the last quarter of the year, growth in the RTD segment was severely curtailed by the regional shortage of glass, which led to supply shortages, with the Hunters’ brand being the worst affected,” said Afdis chairperson Matlhogonolo Valela.
Valela said efforts were underway to widen the glass supply base to minimise product shortage in future.

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