Margin Pressure Hits Distell FY09 Operating Income

Leading South African wine and spirits producer Distell Group has reported a 1.2% year-on-year (y-o-y) decline in operating income to ZAR943.6mn (US$129.2mn) for the year ending June 2010 on the back margin pressure. The decline in Distell's operating margin occurred despite operational gains and a 7% y-o-y increase in sales

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