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Alcoholic beverage manufacturer East African Breweries Ltd (EABL) more than doubled its profit last year aided by the lifting of restrictions to curb the spread on Covid-19.
The company’s net profit grew 124 per cent in the year to June 2021 to Sh15.57b compared to Sh6.96b previously. The profit is its highest in five years. The growth was on account of increased revenues that went up to Sh193.85b over the review period from Sh152.57b in the year to June 2020, translating into a 27.1 per cent growth.
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