21 February, 2020

Myanmar: Myanmar Brewery’s operating profit up 27.8% in 2019

Myanmar Brewery, the nation's largest beer maker under the wing of Japan's Kirin Holdings, posted an operating profit of 12.9 billion yen (US$115 million) in the year to December, up 27.8 percent from a year earlier, the Myanmar Times reported on February 20.

According to Kirin, fiscal 2019 sales soared 24.4pc to 32.6 billion yen because of an increase in the alcohol-drinking population and a delayed rainy season which helped boost beer consumption.

Kirin projects 36.4 billion yen in sales in fiscal 2020, up 11.7 percent from fiscal 2019, and 14.6 billion yen in operating profit, up 13.4 percent, in the Myanmar market where it said its arm commands an 80 percent share.

Kirin said during a financial results briefing in Tokyo on February 17 that Myanmar Brewery is doing well and it continues to make investments in a timely manner.

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