This archive report was first published on 26 July 2019.
On July 26, 2019, East African Breweries (EABL) announced a final dividend of Sh6 per share, bringing the total dividend for the year to Sh8.50 per share.
The payout comes on the back of a strong financial performance, with the company posting Sh17.8 billion in pre-tax profit for the year ended June 2019, a significant increase from the Sh11.7 billion posted the previous year.
Group CEO Andrew Cowan attributed the growth to a continued focus on commercial execution and accelerated marketing investment, which led to a 12 percent increase in net revenue to Sh82.5 billion.
Net sales in Kenya, the company's largest market, were up by 13 percent, driven by growth in mainstream spirits, scotch, and Senator keg.
"This performance is a result of a sharpened strategic focus in the financial year, which has helped us leverage a more positive external environment, compared to the previous period," Cowan said.
The company is also on track to increase utilization of its new Sh14 billion brewery in Kisumu, which has started producing Senator keg.
Uganda's net sales increased by 8 percent, while Tanzania reported a robust performance with net sales up by 20 percent.
