According to Kenyan Wallstreet, East African Breweries Limited (EABL) has reported its full year financial results for the period ended June 2019.
The company posted a 12% growth in reveneue to 82.54 billion Kenyan Shillings and a sharp rise in net profits from 2018’s figure of 7.3 billion Kenyan Shillings to 11.5 billion Kenyan Shillings in 2019.
The cost of sales also increased by 0.08% to 44.43 billion Kenyan Shillings.
East African Breweries Limited (EABL)’s volume grew by 11% due to strong performances across all categories and markets.
Innovations also contributed 20.3 billion Kenyan Shillings to the firm’s revenues as it added 24% to the total income collected across all markets.
Brands such as Captain Morgan Gold, Chrome Vodka, Serengeti lite, Tusker Cider, and Ugandan Waragi Pineapple, helped to drive up East African Breweries Limited (EABL)’s revenues as well.
East African Breweries Limited (EABL)’s gross profit margin improved by 18% due to the strong underlying performance, and a positive mix of cost efficiencies, driven via initiatives in productivity.
The Group’s capital expenditure stood at 11.7 billion Kenyan Shillings with completion of the New Kisumu Breweries which is in line with supporting the company’s future growth.
Kenyan Wallstreet claims that East African Breweries Limited (EABL)’s Board of Directors has recommended a final dividend of 6.0 Kenyan Shillings per share.
The total dividend for the year stands at 8.5 Kenyan Shillings per share.
