EABL reports profit surge

31 July, 2015

East African Breweries Ltd., the region’s largest brewer, said full-year profit surged 39% as revenue climbed on improved sales of its premium beers and spirits, reports Felix Njini of Bloomberg News.

Net income jumped to 9.58 billion shillings (US$94 million) in the 12 months through June from 6.86 billion shillings a year earlier, the Nairobi, Kenya-based company said in a statement handed to reporters today (July 31). Revenue grew 6.1% to 64.4 billion shillings, it said.

EABL, as the company is known, is 50.03% owned by Diageo, the world's largest premium drinks maker which happens to make Guinness in Nigeria.





Comment

Dominic Roskrow

The crazy world of the small distiller

One of the main attractions of social media is that it allows individuals and small businesses a platform from which they can shout loudly, without the need for the big-buck budgets that the global companies can call on.

Click for more »

Events

Facebook

Twitter