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UBL registers a 12% growth in Revenue

Uganda Breweries Limited has posted growth in revenue by 12% closing the first six months of the fiscal year according to the latest figures released this week.

According to UBL Managing Director Mark Ocitti this by all standards is by far a good performance which he attributes to consistent supply of high-quality products to the markets and continuous professionalism executed by the entire UBL team.

‘’The visibility of our brands across Uganda has greatly improved through our successful advertising and exciting consumer engagement. Our engagement with various local and international artists to produce various music platforms like Bell Jamz have continued to provide the market with exciting entertainment while offering our consumers opportunities to sample our grate brands,” Ocitti said.

He added that that innovation by the company also witnessed the tremendous performance citing brands like Captain Morgan, Black and White Scotch whiskey plus Uganda Waragi Pineapple and coconut flavors. Growth was also registered from the premium and mainstream beer brands like Guinness, Tusker family, Bell and Pilsner.

Meanwhile the brewery has embarked on a five-year production capacity expansion project that will see beer capacity grow by 47%. This project kicked off in January with an overhaul of beer packaging line that will improve interim packaging efficiency by 20%.

The expansion will cost approximately UGX 135Billion and will entail purchase of new state of the art equipment and some infrastructure changes.

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