Mozambican beer maker Cervejas de Moçambique posts profit of 115 million euros

5 August 2010

Maputo, 4 Aug – Mozambican beer maker Cervejas de Moçambique (CDM) said Wednesday it had posted profit of 115 million euros in 2009, a rise of 23 percent on 2008.

The chairwoman of the only beer maker in Mozambique, Isidora Faztudo, also said that the company’s turnover had increased by 11 percent in 2009.

“Despite the world financial crisis, the company was able to contain the situation, and now it is at a good level, with a return on its investments in sight, mainly those made in the Nampula (north Mozambique) factory of around US$65 million,” said Faztudo cited by Portuguese news agency Lusa.

“CDM exceeded turnover of 1.5 million hectolitres for the first time and its share price rose 16 percent, to 8.14 meticals per share,” said CDM’s financial director, Hélder dos Santos. (macauhub)

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