×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

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

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Real Estate
Private developers eye deeper presence in Coast region
Sci & Tech
CS Kabogo: Digital economy now established, focus shifts to governance and accountability
Opinion
How Ruto's aggression over fuel prices with EAC neighbours strains ties
By Brian Ngugi 23 hrs ago
Business
Ruto opts for electric cars to escape high fuel prices