• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Thursday, August 18, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

EABL HY Profits up 9% to Hit KSh7.2 Billion

Wandiri GitogobyWandiri Gitogo
January 31, 2020
in Kenyan News, Markets
Reading Time: 2 mins read

East African Breweries Limited (EABL) profits after tax grew by 9%t to KSh7.2 billion for the half year ended 31st December 2019. The pretax profit grew by the same margin to KSh10.6 billion.

EABL’s Group Managing Director, Andrew Cowan, attributes the impressive performance to increased revenues, strong innovation, and improved cost-efficiency.

For instance, there was a 10% rise in net sales to KSh45.85 billion, driven by increased sales of spirits and senator keg beer, up from KSh41.57 billion in 2018.

In Kenya, senator keg was outstanding growing by a fifth with the KSh22 billion Kisumu plant driving growth.

ADVERTISEMENT

Net sales in EABL’s largest market, Kenya, grew by 8%, with beer and spirits growing by 6% and 11%, respectively.

Read Also: EABL Relief as Government Grants Tax Exemption on Select Beer

Cowan added that EABL leveraged on increased investment to expand, with the brewer’s capital expenditures standing at KSh4.4 billion, thus improving production capacity.

Moreover, new brands such as Hop House 13 Lager, Guinness Smooth, Black & White whisky and Triple Ace vodka contributed 28% of the net sales.

In a bid to facilitate sustainable growth, EABL committed KSh22 billion across East Africa to leverage renewable energy in biomass, solar, as well as water recovery and treatment. Cowan said these efforts will reduce EABL’s carbon emissions by 42000 tonnes, save over a billion cubic liters of water annually, and produce up to 10% of power needs.

EABL announced an interim dividend of KSh3 per share for the half year period, representing a 20% increase.

However, Cowan faulted the new excise duty regime saying it pushed bottled beer sales down by 1%.

Related:

Minority investors in Serengeti Breweries to pay KSh3.2 billion in EABL’s debt-equity conversion deal


Previous Post

NCPB Set to Merge with the Strategic Food Reserve

Next Post

Global Markets Record Mixed Reactions in The Week

Related Posts

CMA

CMA Reviews Credit Rating Agencies Regulations in Bid to Enhance Company Ratings

August 17, 2022
KAA

KAA Moves to Court after Airport Workers Issue Strike Notice Over Salary Delay

August 17, 2022

I&M Group Reports a 16% Rise in half-year profits to Ksh 4.9 Billion

August 17, 2022

Dollar Cost Averaging your Way to Wealth

August 16, 2022

Kakuzi Eyes Global Berries Market in New Partnership with Driscoll’s

August 16, 2022

William Ruto Wins Kenya’s Presidential Election

August 15, 2022

World Bank Seeks to Review Financing of Kenyan Healthcare Sector

August 15, 2022

Horticulture Earnings Fall by 42% to Ksh 48.4 Billion on Lower Volumes

August 15, 2022
Load More
Next Post

Global Markets Record Mixed Reactions in The Week

ADVERTISEMENT

Follow Us

  • 143.8k Followers
  • 2.4k Subscribers
  • 1.2k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

Aug
19
Fri
all-day Kapchorua Tea Kenya Payment of F...
Kapchorua Tea Kenya Payment of F...
Aug 19 all-day
Kapchorua Tea Kenya payment of a final dividend of kes 10.00 per share
all-day Williamson Tea Kenya Payment of ...
Williamson Tea Kenya Payment of ...
Aug 19 all-day
Williamson Tea Kenya Payment of final dividend of  Kes 20.00 per share.
Aug
31
Wed
all-day Safaricom Payment of Final Dividend
Safaricom Payment of Final Dividend
Aug 31 all-day
Safaricom payment of a final dividend of Ksh 0.75
Sep
15
Thu
all-day East African Breweries (EABL) Bo...
East African Breweries (EABL) Bo...
Sep 15 all-day
EABL Book Closure
Sep
16
Fri
all-day BAT Kenya Payment of Interim Div...
BAT Kenya Payment of Interim Div...
Sep 16 all-day
BAT Kenya payment of Ksh 5.00 interim dividend
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In