East Africa Breweries Limited (EABL)

EABL reported net sales of Kshs 124.1 billion and Operating profit excluding FX of Kshs 28.8 billion representing an impressive double-digit growth of 13 percent and 10 percent respectively, against the prior year. This was attributable to volume growth of 1 percent led by Beer (+9 percent), strategic pricing, a strong portfolio boosted by disruptive innovation, solid commercial execution, and supply productivity. Growth was recorded across its three core markets with Kenya at 15 percent, Uganda 12 percent and Tanzania 9 percent whilst beer and spirits also grew by 12 percent and 14 percent respectively. EABL achieved these results on…