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SHAKEN BUT NOT STIRRED: EABL revenues grow to KShs66.5 bn, but rising costs dampen half-year profits

by Muhereza Kyamutetera
Left-Right: Jane Karuku, the EABL Managing Director and Chief Executives of EABL subsidiaries, Mark Ocitti (Kenya Breweries Limited); Andrew Itamba Kilonzo (Uganda Breweries) and Dr. Obinna Anyalebechi (Serengeti Breweries)
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Despite a  strong 16% growth in net sales in the first six months of EABL's FY2024 (July -December 2023) compared to the same period in the prior year, East African Breweries PLC (EABL), the Diageo-owned alcoholic drinks giant, has reported a 22% decline in half-year after-tax profit. This, it attributed to macro-economic-driven cost inflation and rising finance costs. In the just relea

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.