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East African Breweries announces its result

28th July, 2016

East African breweries limited has announced its full year results for the financial year ended 30 June 2016, with profit 7% up to 10.3 billion shillings. The company says its performance was driven largely by continued growth in the spirits category, recovery of senator brand in Kenya and innovation across all markets. The Kenya market’s headline revenue growth was 16% while Uganda grew by 5% and Tanzania by 12%. Most of EABL’s product segments experienced growth, with emerging beer brands up 112%, buoyed by senator in Kenya, Ngule in Uganda and pilsner in Tanzania; mainstream spirits grew by 22%, premium beer by 2% and ready-to-drink (rtd) by 3%. Mainstream beer was down 6% while premium and emerging spirits were down 9% and 2%, respectively.