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EFE Securities Year to Year Financial Statements
Strong demand in lager and sorghum beer beverages drove volumes up 12% to see revenue rise by 60% to close at $536.92bn. Operations improved in the year under review as EBITDA and operating profit surged by an identical 29% to close at $99.79bn and $112.60bn respectively. The group reported that they are generating 67% of their revenue in US Dollars giving them a buffer on imported raw materials.
Written by EFE Research
