Kirin expected to increase profits in Myanmar this year

16 February 2021
Kirin expected to increase profits in Myanmar this year

Kirin Holdings on Monday said it expects its Myanmar business to pull in 16 billion yen in operating profit for 2021, up 15.5% from 2020, Nikkei Asia reported.

The company said "it is currently examining the impact" of consequences from the country's recent change of leadership but its forecast is based on the assumption that business in the country will continue as usual, despite the uncertainties.

Kirin, best known for its beer, has two joint ventures in Myanmar and has announced its intention to extricate itself from the joint ventures with a military-linked partner in the country.