Rwanda’s Bralirwa registers 70.6% rise in profit despite revenue decline

RWANDA – Bralirwa Plc, Rwanda’s leading producer and marketer of beers and soft drinks has reported a 70.6% rise in profit the first half year of 2020 to Rwf3.9 billion (US$4m) from Rwf2.3 billion (US$2.4m) of the corresponding period in 2019, despite registering a decline in total volume sales and revenue. The company’s revenue for the period under review decline 5.4% from Rwf47.136bn (US$49.35m) to Rwf44.609bn (US$46.71M) with total sales volume dropping by 3.4% to 850 million hectolitres. However, the brewer reported growth in beer sales by 3.8 per cent…

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Rwanda’s Bralirwa profits drop by 83.5% on account of rising expenses

RWANDA – Bralirwa Limited, the largest brewer and soft beverage company in Rwanda has reported a 83.5% drop in profits from Rwf7.2 billion (US$7.5m) earned in 2018 to Rwf1.2bn (US$1.25m) gained in 2019, according to company’s financials indicate. However, the sales volume went up by 5.4 per cent to 1,886 000 hectoliters from 1,790,000 hectoliters in 2018, so did the revenue by 1.8 per cent to Rwf100.6bn (US$104.9m). The decrease in profits is attributed to a rise in expenses. The company’s financials indicate that selling and distribution expenses rose by…

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Rwanda’s Bralirwa gains growth momentum as profits increase 42% to US$7.98m

RWANDA – Bralirwa Plc, a Rwandan beverage manufacturer, has reported a 42% growth in profits to US$7.98 million (Rwf7.2bn) in its 2018 financial year up from US$5.63 million (Rwf5.1bn) the beverage firm posted in 2017. Amidst the challenging operating environment that impacted on firm’s performance in the previous year, the Heineken NV’s Rwandan subsidiary managed to record an increase in sales volume by 14.6% to 1.79 million hectolitres. According to a New Times report, Bralirwa is currently estimated to control 75% of Rwanda’s beverage market owed to its strong favourable…

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