Tunisia: Tunisian Beverage Manufacturing Company reports record beer sales in 2018
2018 was a good year for the Tunisian Beverage Manufacturing Company (SFBT). The first brewer in Tunisia managed to achieve record sales of beer, the African Manager reported on January 24.
As of December 31, 2018, the total turnover of the SFBT reached 650 million dinars against 571 million a year earlier, up 13.8%.
This performance is mainly attributed to the 21% increase in the turnover of local beer, which went from 360.7 to 436.6 million dinars between December 2017 and December 2018 (+76 million dinars), generated by the sale of 184.4 million litres of beer.
Sales of soft drinks rose by 5.6% to 150 million dinars at the end of December.
On the production side, the company produced 1,453,462 hl in soft drinks in 2018, while beer production increased by 9.7% to 1,886,083 hl.
In addition, investments over the reporting period amounted to 52.3 million dinars (+ 36%) and consisted mainly of new extensions in the company’s factories and the purchase of equipment.
As for the debt, it stood 125 million dinars on December 31 last against a balance of 109.8 million at the end of December 2017.
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