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Browsing: EABL Profit
- EABL’s Group net sales grew 23% to KSh 54.9 billion, realised through strong organic growth across East Africa
- Profit after tax improved by 131% to KSh 8.7 billion, driven by margin expansion, prudent cost
management, and volume recovery mainly in Kenya - Cash and cash equivalents up 185% to KSh 7.2 billion, driven by increased net sales and robust working capital management
East African Breweries PLC (EABL) has reported KSh 54.9 billion in net sales for the half-year ended 31 December 2021, representing a 23% growth compared to the same period last year.
During the period, volumes grew strongly at 23%, driven by investment behind brands and innovation in the route to market in response to consumer behaviour shifts.
The continued investment in the capacity of KSh 6.2 billion enabled EABL to rapidly respond to the increased consumer demand.
The Group’s profit after tax grew 131% to KSh 8.7 billion, primarily …