Distell Remains Cautious On 2010 Prospects

With consumer confidence still weak and the effects of the 2009 economic downturn continuing to hang over the real economy, South Africa's leading wine and spirits producer Distell Group has spelled out a cautious H210 (the six months ending June 30 2010) outlook. Intent on preserving brand equity rather than pursuing nearsighted market share growth, Distell's consistent pricing strategy through the downturn has allowed it to reduce the impact of the downturn on its earnings. Earlier in 2010, Distell reported a 2% year-on-year (y-o-y) contraction in net income to ZAR623mn (US$83.6mn) for

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