DELTA Corporation is among the top 30 listed companies in Africa by share price performance and earnings releases for 2014, according to Hartland-Peel Africa Equity Research.
According to the Hartland-Peel Africa Equity Research latest report issued this week, Delta Corporation is at number 19 out of 30 companies with a market capitalisation of $1,260 million and also Econet Wireless at number 25 with a market capitalisation of $984 million as of September 2014.
Among the top five are Dangote Cement from Nigeria with a market capitalisation of $18,624 million, Nigerian Breweries with a market capitalisation of $6,831 million, Safaricom from Kenya with a market capitalisation of $6,207 million, Nestle Nigeria with a market capitalisation of $4,382 and SONATEL from Senegal with a market capitalisation of $4,206 million.
On the bottom five are FNB Botswana with a market capitalisation of $976 million, Coo-op Bank from Kenya with a market capitalisation of $926 million, SBM from Mauritius with a market capitalisation of $829 million, Access Bank from Nigeria with a market capitalisation of $825and Lafarge Zambia with a market capitalisation of $813
According to Delta Corporation annual report for 2014, the group posted an after tax profit of $107 193 for the year ended March 31 2014 from $104 123 in 2013.
Revenue declined to $625 517 from $631 276 in 2013.
In the period under review, Delta Corporation chairperson Cannan Dube said operating income decreased in line with revenue whilst operating margins improved marginally to 24,75% reflecting a beneficial focus on productivity, efficiency and overhead control.
Cash generated from operating activities decreased by $12 million to $153 million on increased barley stock holding and reduced trade creditors.
“Total beverage volume was flat on prior year with a significant upsurge in the demand for sorghum beer and alternative beverages,” Dube said.
Econet Wireless recorded a $4,2 % increase in revenue to $392,3 million for the half year ended 31 as compared to the same period in the previous year.
The Earnings Before Interest, Taxation, Depreciation and Amortisation (EBITDA) margin was at 40% compared to 45% in the previous year.
Non-voice services – products such as EcoCash, data services and others – now contribute 21% to Econet’s revenues, up from below 10% this time last year.
Cumulatively, the contribution of these products to Econet’s revenue has grown by 96% since the company began implementing the strategy.
The group said reflecting growth in non-traditional income streams, the number of EcoCash subscribers has grown to 3,7 million from 3million in August last year. The number of agents has more than doubled, rising from 7000 last year to over 15 000.
Meanwhile the number of broadband subscribers shot up from 3,6 million in August last year to 4,7 million this year.