FY 2022: Bralirwa Plc Full Year Financial Results

Kigali, 30th March 2023 - Bralirwa Plc announces:

2022 full year highlights:

Total volume increased by 11.7%:

-Beer volume increased by 5.9% versus last year driven by higher Amstel, Heineken, and Turbo King growth.

-Soft Drinks volume increased by 31.6% versus last year driven by the full re-opening of the market and events and additionally, the revamping of the non-alcoholic beverages route-to-consumer.

Revenue increased by 27.6% versus last year mainly due to volume growth coupled with pricing offsetting the increase of input costs.

Results from operating activities increased by 35.1% compared to 2021 driven by the operational improvements and increase of the top line.

Profit and total comprehensive income grew by 28.7% to Rwf 22.5 billion.

Dividend 2022:

A cash dividend of Rwf 21.91 per share (20221: Rwf 17.03) will be proposed to the Annual General Meeting fo Shareholders on June 2, 2023. If approved, the proposed dividend will be paid on June 30, 2023. The dividend is equal to 100% of the net profit for the fiscal year 2022, and it is subject to withholding tax. Bralirwa shares will have a book close date of 31 May 2023, which means that the final dividend will be paid to all shareholders whose names appear in the Register of Shareholders at the close of business on 31 May 2023.

Source: https://bralirwa.co.rw/full-year