This archive report was first published on 26 July 2019.
On June 30th, 2019, East African Breweries Limited (EABL) announced a substantial profit after tax of Sh11.5 billion, marking a notable increase from the Sh7.3 billion posted in the same period the previous year.
The company attributed this growth to increased revenues and cost efficiencies driven through productivity initiatives. EABL's net revenue for the period rose by 12% to Sh82.5 billion, driven by a stable operating environment in the region.
The group's volumes grew by 11% due to strong performance across all categories and markets. Innovations contributed Sh20.3 billion to the net revenues, accounting for 24% of the total. The company's capital expenditure stood at Sh11.7 billion, with the completion of the new Kisumu brewery.
The Board of Directors has recommended a final dividend of Sh6.0 per share, bringing the total dividend for the year to Sh8.5 per share.
