Business
Mauritius Drank More in Q3 2023, PBL’s Profits Grew to Rs107 Million
Phoenix Beverages Limited (PBL), the leading beverage company in Mauritius involved in the production, importation, distribution, and marketing of a wide range of alcoholic and non-alcoholic beverages, has reported a 10.5% growth in sales volume in Mauritius for the three-month period ending 30 September 2023, when compared with the same period in 2022.
PBL’s turnover for the period gained 14.6% to reach Rs2.16bn, while profit after tax increased by 4.9% to Rs107.8m.
Meanwhile, PBL’s turnover in Réunion Island increased from Eur6.39m to Eur8.05m, contributing to a profit after tax boost from Eur0.13m to Eur0.91m.
PBL also entered a new distribution partnership in January 2023 with Pernod-Ricard and increased its export volume.
The group’s turnover increased by 17.9% from Rs2.17bn to Rs2.5bn and group profit after tax increased from Rs93.9bn to Rs141.5m.
Source: Stock Exchange of Mauritius