Swaziland: Swaziland Beverages says beer was the main driver for revenue last year

Swaziland Beverages (SB) said beer sales made the largest contribution to its revenue last year, Swazi Observer posted on May, 12.

SB is 60%-owned by SABMiller.

The remaining 40% belong to Tibiyo TakaNgwane, the company owned by the royal family of Swaziland.

Tibiyo TakaNgwane’s annual report for the past year states that beer brought an increased revenue of 7 %, a substantial increase from the 3% recorded for the previous year.

“Gross profit margin decreased from 45% in 2007 to 43 % in 2008, whilst the profit before tax margin decreased slightly from 20 % in 2007 to 17% in the current year,” reads the report.

13 May, 2009