Bralirwa profits soarThis article was originally published in Foodnews
RWANDAN brewer and soft drinks bottler Bralirwa has reported a 45% rise in first-half net profits, driven by higher prices for its beer brands and soft drinks, and predicted further growth for the rest of the year. The company, 75% owned by Heineken, cited a growing market and a favourable exchange rate of the Rwandan franc against the euro for the earnings growth in the face of increasing competition, reports Reuters. Net profit for the first six months rose to RWF7.9 billion (USD13 million). Bralirwa produces beers such as Guinness and Amstel and also bottles Coca-Cola products.