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In 2017 the beer market in Sri Lanka grew by 24-25%. According to the Finance Ministry, during the first eight months of 2017, revenue from excise duty on liquor and cigarettes has significantly decreased by 5.9% to LKR 73.7 billion and by 8.1% to LKR 54.6 billion, due to a drop in the volume of sales.
Lion Brewery or Lion Brewery (Ceylon) PLC is a predominantly Sri Lankan owned and operated brewery. The company is listed on the Colombo Stock Exchange and its stock is part of the S&P Sri Lanka 20 Index. Lion Brewery produces the highest selling beer, Lion Lager, in both Sri Lanka and the Maldives.
This article lists the largest companies in Sri Lanka terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes and local business magazine LMD. [1] [2]
Beer (known as pombe in Swahili) is an integral part of Tanzanian society, and local brands hold a strong sense of national pride and economic value. Tanzania is the sixth-largest per-capita consumer of beer in Africa. [3] Over 90% of beer consumption is of homemade-style brews; however the most recognizable bottled brands include: [4]
Launched in 2001, as a jointly branded product with Belgian brewers, Riva N.V., it was the first wheat beer brewed in Asia. [11] Irish Dark - 7.5% ABV, an Irish-style ale. No longer in production. Irish Dark Red Ale - 4.5% ABV, an Irish-style ale. Grand Blonde - 8.8% ABV. Launched in 2009. [12] Sando Power Strong - 8.8% ABV
John Keells Holdings PLC (JKH) is a Sri Lankan multinational conglomerate company. It has business interests in hotels and resorts management, port, marine fuel and logistics services, IT services, manufacturing of food and beverages, supermarkets, tea, stock broking, life insurance, banking, and real estate.
In September 2005 Asia Pacific Breweries acquired a 60% stake in United Brewery, [3] [4] partnering with the Sri Lankan-based Anandappa family group (20%) and MBL Offshore Limited (20%). [5] Asia Pacific Breweries is a Singaporean-based joint venture between Heineken International and Fraser and Neave .
Melstacorp PLC is a Sri Lankan diversified conglomerate. It is listed in the Colombo Stock Exchange. [2] Melstacorp PLC is one of the 10 largest listed companies. It has a market capitalization of approximately USD 450 million. Deshamanya Harry Jayawardena is the Chairman of the company. [3]