BEVERAGES maker, Delta Corporation felt the bite of the new fiscal measures effective at the beginning of this year in its first quarter (Q1) to June 30, 2024 after realizing a mixed volume performance during the period under review.
The introduction of the sugar tax of US$0,001 per every gram in February this year had an adverse effect on cost of production at its sparkling beverages, wines and spirit, and lager units as well as in associate entities such as Schweppes Holdings Africa Limited, in significant part affecting volumes as the group attempted to align prices with increased costs.