Principal Activities
The Principal Activities of the Group are brewing, blending, bottling and wholesale marketing of beers, wines, liquors, and assorted beverages; the processing of food items; the operation of restaurants, bars, laundry services, hotel; the operation of commercial banking; transportation and alternative energy products and services.

The Financial Year which ended on 30 September 2022, had many ongoing challenges of Supply Chain Issues, which resulted in the rising cost of Raw Materials, Spares, Production, Distribution and the rising cost of living on Workers’ income.

However, through our strategic planning and leadership skills, the Company was able to rise above these difficulties by managing our manufacturing processes to make consistent quality Beverage and Food Products, the engineering of efficient plant and equipment operations and the selling of our products “Better and Smarter” so as to manage growth. Employee engagement continues to be high and agile in a volatile market.

Revenue and Profits
The overall performance of the Group improved by recording a Profit before Tax of $13,398 billion compared to $11,078 billion in 2021, an increase of $2,320 billion or 20.9%.

Profit after Tax for the Group attributable to shareholders of the Parent Company increased from $7,170 billion to $8,395 billion, by $1,225 billion orl7.1%.

The Board of Directors has recommended a dividend proposal of $2.00 per share unit resulting in an overall cost of $1.700 billion as compared with $1,445 billion in 2021, an increase of $255 million or 17.6%.

Revenue generated by the Company was $39,653 billion compared to $35,858 billion in 2021, an increase of $3,795 billion or 10.6%.

The Profit before Tax for the Company was $10,506 billion compared to $9,439 billion achieved in 2021, an increase of $1,067 billion or 11.3%, while Profit after Tax for the Company increased from $6,777 billion to $7,589 billion by $812 million or 12.0%.

Future Outlook
My Fellow Shareholders, the year just concluded, again demonstrated the Company’s ability to rise above the many challenges that were presented. As we look forward to the new financial year and further Into the future, we will optimise our strong global brand portfolios and to pursue maintaining our position as a consumer-oriented Company.

This will be achieved by building on our solid foundations from the past by focusing on strengthening our core through advancing capabilities in marketing, innovation, revenue growth, management and executions, thereby adding value for our Shareholders and Investors.

Clifford Barrington Reis, CCH.
Chairman/Managing Director

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