Browsing: impact of higher taxes on alcohol manufacturers

EABL Profits
  • East African Breweries PLC (EABL) has reported a profit of KSh 8.7 billion for the half year ended on December 31, 2022, at the back of the rising cost of operations, including an increase in taxes
  • The company reported KSh 57.3 billion in net sales during the period, representing a 4 per cent growth compared to the same period in 2021
  • The EABL Board has recommended an interim dividend of KSh 3.75 per share, similar to 2021’s period

East African Breweries PLC (EABL) has reported a profit of KSh 8.7 billion for the half year ended on December 31, 2022, on the back of the rising cost of operations, including an increase in taxes.

During the period under review, EABL reported KSh 57.3 billion in net sales during the period, representing a 4 per cent growth compared to the same period in 2021.

The group’s volumes declined by 4 per …