Zambian Breweries PLC 2023 AR2
The report highlights Zambian Breweries Plc's activities and financial performance for the fiscal year 2023, focusing on its USD 104 million expansion project at the Lusaka plant. Despite achieving a 13% increase in revenue, the company recorded a net loss of ZMW 536 million due to rising input costs, currency depreciation, and financing costs for the upgrade. On the sustainability front, the company advanced its Smart Agriculture initiative by engaging with over 2,600 local cassava and sorghum farmers and launched Mosi Light, a low-alcohol cassava-based beer. Additionally, the company invested in a Heavy Fuel Oil boiler to replace coal and reduce carbon emissions, and launched new diversity initiatives including pregnancy personal protective equipment and a mothers' room.
Company: Zambian Breweries PLC
Sector: Consumer Staples
Country: Zambia
Year: 2023
Type: AR2
Pages: 96
Zambian Breweries PLC
Annual Report
The report highlights Zambian Breweries Plc's activities and financial performance for the fiscal year 2023, focusing on its USD 104 million expansion project at the Lusaka plant. Despite achieving a 13% increase in revenue, the company recorded a net loss of ZMW 536 million due to rising input costs, currency depreciation, and financing costs for the upgrade. On the sustainability front, the company advanced its Smart Agriculture initiative by engaging with over 2,600 local cassava and sorghum farmers and launched Mosi Light, a low-alcohol cassava-based beer. Additionally, the company invested in a Heavy Fuel Oil boiler to replace coal and reduce carbon emissions, and launched new diversity initiatives including pregnancy personal protective equipment and a mothers' room.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees