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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.
The Amstel beer maker saw a 22% drop in operating profits as well as a 5.6% decline in overall year-over-year beer sale volumes for the first half of the year, which Heineken attributed to a price ...
People in Asia aren’t guzzling as much beer as they used to.
Michelob Ultra has topped Bud Light in draft beer sales for the first time.. Bud Light long ago lost the crown of the top-selling beer at retail stores. Now it has slipped out of the leadership ...
Beer in Sri Lanka; H. Heineken Lanka; L. Lion Brewery (Sri Lanka) M. Three Coins Beer This page was last edited on 23 January 2018, at 15:57 (UTC). Text is available ...
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 .
Generation Z is the first generation to prefer other types of alcohol to beer, according to a new report. Millennials are dragging down beer sales — but Gen Z marks a 'turning point' that will ...