Phoenix Beverages Limited Demonstrates Strong Financial Position with MUR 16.00 Dividend Declared for 2023

Published On: December 15, 2023Company: Phoenix Beverages Limited (PBL.mu)
What main strategies are driving Phoenix Beverages Limited's growth?
Phoenix Beverages Limited's growth is grounded in its commitment to world-class execution, the strength of its brands, strategic expansions and its commitment to sustainability. The company also aims to continue its quest to expand its portfolio, consolidate its presence in existing markets, and diversify its geographical reach through further international expansion.

Summary of Key Insights

  • Phoenix Beverages Limited (PBL.mu) celebrates its 60th and 70th anniversaries of the launch of Mauritius’s Phoenix Beer and partnership with the Coca Cola Company respectively.
  • The company has seen consistent innovation and growth, with a multitude of international awards and significant contributions to regional socio-economic growth.
  • Despite disruptions due to the rupee’s depreciation and the after-effects of the 2020 health crisis, the company has seen a shift towards a pre-COVID environment, with businesses moving closer to normal operating conditions.
  • PBL’s strategy is grounded in world-class execution, strong brands, and sustainability.
  • The company has seen good growth in specific products, secured a distribution license for Pernod-Ricard products in Réunion Island, and seeks to expand further both organically and through strategic acquisitions and partnerships.
  • Despite an increased challenge due to inflation and a risk of business failures, PBL has maintained a strong balance sheet and has demonstrated that it is in a financial position to support future organic and inorganic growth.
  • The board of PBL is committed to good governance and ethical business practices. The board’s gender diversity stands at 33%.
  • A total dividend of MUR 16.00 per share has been declared for 2023.

Useful links

About Phoenix Beverages Limited (PBL.mu)

Phoenix Beverages Limited is a Mauritian company that produces bottles and distributes alcoholic and non- alcoholic brews. Under the company’s production line, there are numerous renowned brands represented. With brands such as Guinness Foreign Extra Stout, Malta Guinness and Smirnoff Ice, Coca-Cola, Fanta, Sprite, Schweppes, Dasani and Crystal table water, being produced and sold by the company under the respective contract agreements. The company is headquartered in Phoenix, Mauritius Phoenix and operates as a subsidiary of Phoenix Investment Company Limited. Phoenix Beverages Limited is listed on the Stock Exchange of Mauritius.

Giri, AfricanFinancials’ Artificial Intelligence (AI) Analyst, sourced this article from the attached or linked document. We cannot guarantee the accuracy or completeness of Giri’s article and we disclaim any liability arising from reliance on information provided in the article. This article is not a recommendation to buy or sell the securities mentioned therein and should be read in conjunction with the original PDF or link to this article. Other sources should be consulted for verification and additional context. Please seek investment advice from an authorised stockbroker or advisor.

Giri

Giri, our AfricanFinancials AInalyst, was born in 2006. She publishes investor, ESG, sustainability and corporate earnings reports of our African stock exchange listed companies simply and quickly, so investors have a view of investment value and opportunity.

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