EAST AFRICAN BREWERIES LTD
EAST AFRICAN BREWERIES LTD
East African Breweries Limited was founded in 1922, as Kenya Breweries Limited (KBL), by two white settlers, George and Charles Hurst. The company was owned by the Dodd family of Kenya. KBL acquired Tanganyika based Tanganyika Breweries in 1935 and 1936 these two companies were merged leading to the creation of the East African Breweries Limited (EABL). The group continued expanding locally through the opening of more breweries such as Mombasa brewery.
P.O Box.No: 30161-00100, , Nairobi , Kenya. +254 - 020 - 8644000 +254 - 020 - 8561090, 8563054. eablinfo@eabl.com. www.eabl.com.
Nairobi Securities Exchange – NSE
MANUFACTURING & ALLIED INDUSTRY | |||
COMPANY NAME | ISIN CODE | TICKER | MARKET CAP |
KE0000000042 | BOC |
| |
KE0000000075 | BAT |
| |
KE0000000117 | CARB |
| |
KE0000000216 | EABL |
| |
KE4000001323 | FTGH |
| |
KE0000000331 | ORCH |
| |
KE0000000372 | MSC |
| |
KE0000000497 | UNGA | ||
Reports
Financial Reports for EAST AFRICAN BREWERIES LTD
East African Breweries PLC (EABL.ke) listed on the Nairobi Securities Exchange under the Beverages sector has released it’s annual reports.
For more information about East African Breweries PLC (EABL.ke) reports, abridged reports, interim earnings results and earnings presentations visit the East African Breweries PLC (EABL.ke) company page on AfricanFinancials.
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Expensive raw materials hit EABL's profit
The East AfricanBusiness Expensive raw materials hit EABL's profit MONDAY JANUARY 29 2024 eabl-karuku EABL Chief Executive Jane Karuku. PHOTO | NMG vincentBy VINCENT OWINO More by this Author Regional liquor maker East African Breweries Limited (EABL) defied an environment of higher taxes and depressed consumption to post a rise in sales and revenue, but the depreciation of the Kenyan shilling, coupled with the drought in the region, weighed down on its net profit in the first half of the current financial year. The brewer’s post-tax profit dropped 22 percent, in the half year to December 2023, to Ksh6.7 billion ($41.2 million) from Ksh8.7 billion ($53.5 million) in a similar period last year, even as its net sales rose 16 percent to Ksh66.5 billion ($409.2 million).
EABL stock falls 11.6pc after cutting interim dividend on profit decline
East African Breweries Limited Plc share price fell by 11.6 percent on Friday after the company slashed its interim dividend following a 22 percent drop in profits through six months to December 2023. The stock price dropped to Sh104.50 at the close of trading on Friday from Sh118.25 the previous day. On Thursday, EABL cut its interim dividend to Sh1 per share from Sh3.75 previously after posting lower earnings in the six-month period. The brewer’s six-month profit slid by 22 percent to Sh6.7 billion as high operational costs, increased debt service expenses and a weakened Kenya shilling offset gains made from increased sales.
| CBK Key Rates | |||
|---|---|---|---|
| Central Bank Rate | 13.00% | 03/04/2024 | |
| Inter-Bank Rate | 13.73% | 19/04/2024 | |
| CBK Discount Window | 17.00% | 03/04/2024 | |
| 91-Day T-Bill | 15.803% | 22/04/2024 | |
| REPO | 8.94% | 11/08/2023 | |
| Inflation Rate | 5.7% | March,2024 | |
| Lending Rate | 15.2% | January,2024 | |
| Savings Rate | 3.69% | January,2024 | |
| Deposit Rate | 10.18% | January,2024 | |
| KBRR | 8.9% | 27/06/2016 | |