TBL is a subsidiary of SABMiller and is
listed on the Dar es Salaam Stock Exchange (DSE), while the former is
listed on the London and Johannesburg stock exchanges.
According to TBL six months results for
the period ended September, this year, earnings growth was achieved
largely through volume growth, improved efficiencies as well as focused
cost management whilst operating in a challenging environment.
One of the challenging market and
economic conditions during the period under review was the depreciation
of the shilling that increased the cost of imported production
materials.
Revenue growth of 6 per cent over last
year to 550.11bn/- compared to 516.88bn/- of the corresponding period,
was driven by higher volumes, as well as positive product mix. Operating
profit for the half year period grew by 7 per cent ahead of the prior
year 159.25bn/- compared to 149.24bn/-.
Overall volumes were up for the half
year compared to same period prior year due to selling price stability
largely resulting from non-increase in excise rates for alcohol as
contained in this year’s Finance Act.
Production and distribution efficiencies
assisted in leveraging growth. Total cash generated from operations
amounted to 179bn/-, of which 43bn/- was utilised to pay corporate tax,
while the remaining 136bn/- funded interest and capital expenditure as
well as paying dividends of 88bn/- to Company shareholders.
TBL as a major player in the beverage
sector is committed to the export of its products to niche and
neighbouring markets under the East Africa common market trading
arrangement.
TBL has controlling interest in Tanzania
Distilleries Limited and Darbrew Limited. It employs about 1,700 people
and is represented throughout the country with four clear beer
breweries, a distillery, a traditional beer business, a malting facility
and 10 distribution depots
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