East African Breweries Plc has ramped up imports of spirits to avoid any stock-outs amid global supply-chain hangovers, according to Group Chief Financial Officer Risper Genga Ohaga. The Diageo Plc unit boosted inventory by 800 million shillings ($7.03 million) in the first half, fearing the December festivities would catch it without enough alcohol for revelers […]
Gin contributed five per cent of Diageo’s reported net sales in the period between July and December 2021. The Gin revolution in Africa was driven by the prodigious consumption of Gilbey’s in Kenya. This is according to Diageo, a London-based multinational brewer that owns the majority stake in East African Breweries Ltd (EABL), in its […]
Gin contributed five per cent of Diageo’s reported net sales in the period between July and December 2021. The Gin revolution in Africa was driven by the prodigious consumption of Gilbey’s in Kenya. This is according to Diageo, a London-based multinational brewer that owns the majority stake in East African Breweries Ltd (EABL), in its […]
East African Breweries Limited Managing Director Jane Karuku. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP The brewer attributed the 23 percent growth to investment behind brands and innovation in the route to market in response to consumer behaviour shifts. EABL has also reported a 51 percent increase in physical asset acquisition in support of […]
Nairobi — The digital shift brought about by the COVID-19 pandemic has continued to drive alcohol sales for EABL, playing a major role in the firm’s earnings in the first half of the year. The stay at home directives and curfews put in place at the onset of the pandemic to curb the spread of […]
East African Breweries Plc has ramped up imports of spirits to avoid any stock-outs amid global supply-chain hangovers, according to Group Chief Financial Officer Risper Genga Ohaga. The Diageo Plc unit boosted inventory by 800 million shillings ($7.03 million) in the first half, fearing the December festivities would catch it without enough alcohol for revelers […]
East African Breweries Limited (EABL) #ticker:EABL net profit has more than doubled in the six months to December on the back of higher alcohol sales as Covid-19 restrictions eased, and bars re-opened. The brewer’s net earnings jumped 130 percent to Sh8.7 billion from Sh3.79 billion booked in a similar period in 2020. EABL Group chief […]
NAIROBI, Kenya, Jan 27 – East African Breweries PLC (EABL) has reported a 131 per cent jump in net profits in its half year results hitting a five year high, with the reopening of bars in the second quarter of 2021 playing a major role. The firm reported a Sh8.7billion net profit in the six […]
NAIROBI, Kenya Jan 21-Shareholders’ wealth at the Nairobi Securities Exchange dropped by Sh185.73billion in the fourth quarter of 2021, as the markets still suffered from economic effects of Covid-19, the latest CMA statistical bulletin has revealed. The Capital Market Authority’s Q4 statistical bulletin shows that market capitalization at the Nairobi bourse dropped to Sh2.592 trillion […]
Jane Karuku, EABL Group chief executive. PHOTO | FILE | NMG East African Breweries Plc (EABL) more than doubled its net profit to Sh8.7 billion in the half-year ended December, helped by increased sales on the reopening of bars and pubs. The company had made a net profit of Sh3.7 billion a year earlier. The […]
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