Corporate News
A quality assurance official inspect a beer at EABL plant. The firm's
after tax profit for the year through June grew 5 per cent to Sh6.85
billion. FILE
By Wokabi Charles
In Summary
Sales went up 4 per cent to Sh61.2 billion during the year.
East African Breweries Ltd's
(EABL) after tax profit for the full-year ended June grew 5 per cent to
Sh6.85 billion riding on improved performance by most of its products.
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Announcing the results on Thursday, group managing director
Charles Ireland said profitability was weighed down by the introduction
of new taxes on senator keg and political instability in South Sudan
where it opened a depot in in the first quarter.
"We are generally happy with the results but we
believe we could have done better. All our products posted positive
growth except senator keg," said Mr Ireland. Senator sales dropped 75
per cent during the review period.
Sales went up 4 per cent to Sh61.2 billion during the year.
Kenya remained the group's biggest market
contributing 64 per cent of the total sales. Uganda and Tanzania came
second and third respectively at 18 per cent and 11 per cent. Other
markets in which EABL is present across the region contributed 7 per
cent.
The directors have proposed a final dividend of
Sh4, bringing the total pay out to Sh5.50 per share. An interim dividend
of Sh1.50 was paid after the half year financial results.
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