EABL full-year profit down 12pc to Sh11b on inflation and unrest

From left, EABL Group Chairman Martin Oduor-Otieno, CEO Jane Karuku, CFO Risper Ohaga and KBL MD Mark Ocitti during the release of 2024 full-year results. [Courtesy]

East African Breweries Ltd (EABL) net profit for the full year ended June 30 fell by 12 per cent to Sh10.9 billion as inflation, shilling devaluation, social unrest, and floods ate into its net sales

The profit dropped from Sh12.3 billion that the brewer posted last year to Sh10.9 billion, from its Kenya, Uganda and Tanzania markets.