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Leading brewer, Bralirwa Plc has registered revenue of Rwf72.9 billion in the first half of 2022, an increase of 28.2 percent from Rwf56.8 billion in the same period last year.
This was mainly driven by the continued growth of both beer and soft drinks under the relaxation of Covid-19 related restrictions.
Etienne Saada, Vice Chairman of the board and Managing Director of Bralirwa, said it has been able to perform well in revenue and volume due to ease of the pandemic restrictions on trade, events, and gatherings.
“This promising H1 (half fiscal year) top line performance translated to a favorable operating result further improved by a continued focus on cost management,” he added.
Bralirwa’s operating results increased to Rwf20 billlion from Rwf12.6 billion in the same period of 2021. This is while profit and total comprehensive income grew to Rwf12.5 billion with a notable 93 per cent increase from Rwf6.5 billion in the previous period.
Its expenses increased due to investment in brewery plant and equipment whereas finance costs decreased by 9.1 per cent mainly driven by a reduction of debt interest.
The firm expects a continued increase in volume and revenue in the second half of the year, however, it notes that further impact of input cost will increase as the beverage market is expected to remain competitive.
Bralirwa is a local company producing and selling beers and soft drinks with a brand portfolio that includes Amstel, Legend, Primus, Mutzig, and Turbo King produced in Gisenyi brewery.
While soft drink brands under an agreement with Coca Cola company include Coca Cola, Fanta, Sprite, Krest, Tonic, Stoney, Pineapple, and its own brands such as Vital’O and Cheetah –energy drink.
Bralirwa is listed with 25 percent shares on the Rwanda Stock Exchange.
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