Expensive raw materials hit EABL's profit
The brewer’s managers say this is attributable to a shortage of factor inputs locally, which is forcing them to import and thus create more pressure on forex.
Source: theeastafrican.co.ke
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EABL records 22% decline in after tax profit
The effects of the depreciation of the Kenyan currency is taking a toll on local manufacturers who rely on the importation of raw materials.
Source: citizen.digital
Rise in excise duty drains EABL sales, flattens profit
The brewer declared an interim dividend of Ksh3.75 ($0.030) per share, similar to last year’s.
Source: theeastafrican.co.ke
How bar closures accelerated customers' appetite for gin
Home wines and spirits in Langata [Photo: Samson Wire] A new taste for gin has swept across Kenya. And in their war rooms, alcohol dealers are already high from the profits promised by the revolution. “Gin is exploding across East Africa,” said Andrew Cowan, outgoing chief executive of East African Breweries Ltd (EABL). The brewer’s net sales for its spirits business have grown 10 per cent in the past six months, according to the company’s latest financial disclosures, lifted by demand for gin. With its beer business hurting, EABL is now set to direct resources to potent drinks where...
Source: standardmedia.co.ke