Zambian Breweries’ profit surge 27% on increased volume sales

ZAMBIA – In line with guidance from the Zambia government to combat the spread of coronavirus  (COVID-19), Zambian Breweries Plc has set a new milestone by becoming the first listed company on the Lusaka Securities Exchange (LuSE) to hold a virtual annual general meeting (AGM). Country director Jose Moran said the company held the virtual meeting as directed by Government to restrict gatherings to not more than 50 people in a continuing effort to curb the spread of the epidemic. During the AGM, the AB InBev subsidiary reported the annual…

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Zambian Breweries promotes socio-economic development in Lusaka

ZAMBIA – Zambian Breweries has handed over a recreational facility worth over K2 million (US$126,000) to residents of Bauleni township in Lusaka to benefit over 2,000 youths. The handing over ceremony was graced by the Mayor of Lusaka Miles Sampa, area Member of Parliament Margaret Mwanakatwe and senior community members. The refurbished Bauleni Youth and Sports Centre is part of the company’s commitment towards combating underage drinking among youth in the country which was launched in May 2018 with an investment of US$1m. The project is aimed at revamping recreational…

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Zambian Breweries half year profits surge 40% on increased sales

ZAMBIA – Zambian Breweries Plc, a subsidiary of AB InBev, has reported 40 percent growth in profits after tax to K193 million (US$14.72m) in the half-year period ending June 2019, driven by increased sales. The Castle Lite and Carling Black beer brands maker said that the growth was significantly boosted by increased sales in the clear beer category. The brewer posted a net profit of K137.7m (US$10.5m) in the same corresponding of 2018. Sales of clear beers increased by 5.1 per cent over the two corresponding periods under review, an…

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Zambian Breweries’ Plc profits increase six-fold as volumes surge

ZAMBIA – Zambian Breweries Plc has posted record breaking profits after tax of US$121.36 million during its 2018 financial year from just US$18.41 million in 2017 driven by increased beer volumes. In a statement announcing its audited financial results for the year ended December 31, 2018 said that the remarkable performance was mainly attributed to increase in beer volumes, which grew by 23% during the period under review. “Results for the year 2018 were remarkable, especially on the clear beer side, with volumes growing at a record of 23%. Our…

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