Bralirwa Plc nets Rwf12.4 billion profit in first half of 2022

On 4 August 2022 at 04:41

Bralirwa Plc has announced its unaudited financial results for the period that ended 30th June 2022 where the beverage manufacturer registered Rwf12.5 billion after-tax profit translating into an increase by 93% from Rwf6.5 billion of the first half last year.

Among others, the beverage’s revenue increased by 28.2% to Rwf72.9 billion in the first half year of 2022 from Rwf 56.8 billion of 2021. The revenue growth was driven by the increase in volume and pricing to mitigate rising input costs.

Bralirwa’s operating result also increased to Rwf20 billion from Rwf12.6 billion of the same period last year resulting from good topline performance and strict cost management.

In the second half of this year, Bralirwa expects continued increase in volume and revenue in line with the trend of the first half of 2022 even though further impact of input cost increase is expected.

Commenting on the performance, the Vice Chairman of the Board and Managing Director of Bralirwa, Etienne Saada said: "Bralirwa Plc has been able to perform well in the first half of 2022. Both volume and revenue increased driven by the relaxation of COVID-19 related restrictions on trade, events and gatherings and continued execution of Bralirwa’s commercial strategy. This promising first half top line performance, translated to a favorable operating result further improved by a continued focus on cost management."

About Bralirwa

Bralirwa Plc is a Rwandan company producing and selling beers and soft drinks.

The Company’s beer brand portfolio includes Heineken, Primus, Mützig, Legend, Amstel and Turbo King produced in the Gisenyi Brewery. Primus, the Company’s largest selling beer brand has been available to consumers since 1959.

Since 1974, the Company has been producing and selling soft drink brands under a licensing agreement with The Coca-Cola Company. These include Coca Cola, Fanta, Sprite, Krest, Tonic, Stoney, Pineapple and the Company’s own brands Vital’O and Cheetah - energy drink.

The Company was founded in 1957 with the construction of a brewery located in Gisenyi. Since 1971, Bralirwa is a subsidiary of Heineken N.V., which holds 75% of the shares of Bralirwa with the remaining 25% listed on the Rwanda Stock Exchange. As a socially responsible company, Bralirwa supports a variety of projects from Health to Environment.

Bralirwa Plc registered Rwf12.4 billion profit in the first half of 2022.