Tanzania Breweries Limited announced earnings results for the year ended March 31, 2016. For the year, the company has posted 6% profit increase to TZS 228.98 billion compared to TZS 216.55 billion registered in the previous year, despite challenging market and economic conditions. The company's financial results show a 4% revenue increase to TZS 1.11 trillion from TZS 1.073 trillion of the preceding year, driven mainly by volume growth mainly due to price stability following non rise of excise duty and well stable disposal income. The operating profit increased by 4% to TZS 330.07 billion compared to TZS 318.33 billion of the year before due to production and cost efficiencies. The total cash generated from operations during the period was TZS 373 billion of which TZS 93 billion utilized to pay corporate tax and the remaining amount funded capital expenditure, repayment of bank borrowings and interest expenses.