Business

East African Breweries (EABL) Half Year Net Profit Surges 131% to Ksh 8.7 Billion, declares interim Dividend

The East African Breweries PLC (EABL), which is engaged in branded alcohol beverage business has reported a growth of 23% to Kshs 54.9 billion in net sales for the half-year ended 31 December 2021.

The listed company’s net profit grew 131% to Kshs 8.7 billion mainly driven by the higher net sales as a result of the re-opening of bars in Kenya in the second quarter. The brewer said the interim profit after tax was the highest in the last 5 years.

The group’s cash and cash equivalents rose by 185% to Kshs 7.2 billion.

The company’s board of directors recommended an interim dividend of Kshs 3.75 per share against nil dividends for the same period in 2020.

READ; Absa Arranges East African Breweries Kshs 11 billion Medium-Term Note, subscription hits 345%

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