East African Breweries Limited has reported its full year financial results for the period ended June 2019 posting a 12% growth in reveneue to KSh82.54 billion. The company posted a sharp rise in net profits from KSh7.3 billion in 2018 to KSh11.5 billion in 2019. Cost of sales increased by 0.08% to KSh 44.43 billion.
The Group’s volume grew by 11% driven by strong performance across all categories and markets. Innovations contributed KSh 20.3 billion to the firm’s revenues adding 24% to the total income collected across all markets. Brands such as Serengeti lite, Tusker Cider, Chrome Vodka, Captain Morgan Gold and Ugandan Waragi Pineapple drove up EABL’s revenues.
Gross profit margin improved by 18% due to the strong underlying performance, and a positive mix of cost efficiencies driven through the productivity initiatives.
The Group’s capital expenditure stood at KSh11.7 billion with completion of the New Kisumu Breweries, in line with supporting the company’s future growth. The Board of Directors have recommended a final dividend of KSh6.0 per share. Total dividend for the year is ksh 8.5 per share.
