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FOCUS-Drinks company Distell hopes years of investment will help cure 2020 hangover


Some shareholders lost patience after years of heavy spending
CEO says better returns are coming, African footprint trebled
Non-African operations targeting to double operating profit
JOHANNESBURG, Dec 9 (Reuters) - For shareholders waiting for South African wine and spirits company Distell to deliver higher returns on their investments, 2020 was a year to forget.
A months-long alcohol ban in its home market, designed to help curb the spread of the coronavirus, slammed sales and earnings and its shares have dropped by more than a quarter.
The world’s second-largest cider maker had already frustrated some shareholders with years of big-ticket spending they say has delivered an inadequate payoff. ....

South Africa , Western Cape , South African , Emma Rumney , Kate Rycroft , Joe Bavier , Anthony Bucalo , Richard Rushton , Carmel Crimmins , Chief Executive Richard Rushton , Charl De Villiers , மேற்கு கேப் , எம்மா ரம்னி , கேட் றய்க்ரோப்ட் , அந்தோணி புக்கலோ , ரிச்சர்ட் ருஷ்டன் , கார்மல் குற்றவாளிகள் , தலைமை நிர்வாகி ரிச்சர்ட் ருஷ்டன் , சார்ல் டி வில்லியர்ஸ் ,

CORRECTED-FOCUS-Drinks company Distell hopes years of investment will help cure 2020 hangover


Distell boss wants to build “African drinks champion”
Some shareholders lost patience after years of heavy spending
CEO says better returns are coming, African footprint trebled
Non-African operations targeting to double operating profit
JOHANNESBURG, Dec 9 (Reuters) - For shareholders waiting for South African wine and spirits company Distell to deliver higher returns on their investments, 2020 was a year to forget.
A months-long alcohol ban in its home market, designed to help curb the spread of the coronavirus, slammed sales and earnings and its shares have dropped by more than a quarter.
The world’s second-largest cider maker had already frustrated some shareholders with years of big-ticket spending they say has delivered an inadequate payoff. ....

South Africa , Western Cape , South African , Emma Rumney , Kate Rycroft , Joe Bavier , Anthony Bucalo , Richard Rushton , Carmel Crimmins , Chief Executive Richard Rushton , Charl De Villiers , மேற்கு கேப் , எம்மா ரம்னி , கேட் றய்க்ரோப்ட் , அந்தோணி புக்கலோ , ரிச்சர்ட் ருஷ்டன் , கார்மல் குற்றவாளிகள் , தலைமை நிர்வாகி ரிச்சர்ட் ருஷ்டன் , சார்ல் டி வில்லியர்ஸ் ,