EABL’s net profit down 12% to Kshs 10.9 billion

East African Breweries Limited (EABL) says its net profit for the year ending June 2024 decreased by 12 percent to 10.9 billion shillings on account of weak shilling and social unrest. EABL Chairman Martin Oduor-Otieno says inflationary pressures, high interest rates and fluctuating currency posed
substantial hurdles for consumer spending and business operations. Despite this, net sales rose 13 percent 124 billion shillings. The listed brewer has proposed a final dividend pay-out of 6 shillings per share to be paid in October this year subject to approvals.
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