Habesha Brewery S.C., one of the beer brewing companies in Ethiopia, disclosed it made a net profit of 32 million Birr. This is unique for a brewery operating in Ethiopia as most manufacturers face loss in their first year of operation. For instance, Raya Brewery S.C. reported a loss of 104 million Birr on its first year of operation.
The brewery company sold 1 billion Birr worth beers across Ethiopia. Compare to the previous year, the sales shoot up by 375 percent. It was after undertaking expansion work in the last fiscal year that the company managed to raise its production capacity. Now its capacity stands at 400,000 hectoliters, which is a 100,000 hectoliters increase.
Habesha Brewery, owned by around 8,000 shareholders and Bavaria, has further expanded its factory this fiscal year. It has now increase the production capacity to 700,000 hectoliters.
Currently Ethiopia is home for 7 breweries and 23 brands of beers. The country’s per capital consumption of beer is said to be 10 liters.
Source: Fortune
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