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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