Nairobi, Kenya: East African Breweries (EABL) has reported a 40 per cent jump in full year net profits to Sh9.5billlion.
The brewer attributed the rise in the profits, for the year ending June 2015, to double digit growth in spirits and premium beer sales.
The company has also declared a final dividend of Sh6 per share. This is a 50 per cent increase in final dividend and a 36 per cent increase from the previous year.
“We are very satisfied with these results given the economic conditions across East Africa,” EABL Group Managing Director Charles Ireland said Friday morning at an investor briefing in Nairobi.
Its revenues grew 6 per cent to Sh64.4 billion, despite a slowdown in Tusker, its flagship beer.
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EABL has its key markets in Kenya, Uganda, Tanzania and South Sudan.
