TBL profit dwindles by 16pc on challenging environment

In Summary

• The beer market recently shaken and TBL Group, one of the largest brewers in Tanzania changed business strategy by focusing on affordable brands. However, the company’s after-tax profit for six months of this year declined to Sh64.5 billion from Sh77.13 billion recorded in a similar period in 2017, according to a financial statement published on Tuesday.

By Gadiosa Lamtey @gadiosa2 glamtey@tz.nationmedia.com

The profit of the Tanzania Breweries Limited (TBL) Group of Companies dropped by 16 per cent in