Image Courtesy, KBL, twitter

East Africa Breweries Limited EABL is one of the East Africa’s leading branded alcohol beverage business. EABL has posted Ksh11.5 billion profit after tax for its full year financial results ended 30th June 2019 up from Sh7.3b posted last year.

Its markets is mainly driven by brands such as Serengeti Lite, Tusker Cider, Chrome Vodka, Captain Morgan Gold and Uganda Waragi Pineapple. Last year the company slightly increased the prices of their alcoholic beverages.

“As we leverage the growth platform we have created and the breadth of our portfolio, I am confident that the business will remain strong in a potentially more adverse and volatile environment in the future,” EABL Group CEO, Andrew Cowan.

The Group has also completed its new Kisumu brewery which has mainly been established for the production of Senator Keg.

“EABL is on track to increase utilization of the new Kshs 14 billion brewery in Kisumu which has started producing Senator Keg, giving a lifeline to 15,000 additional sorghum farmers delivering the crop to the brewery. The 15,000 additional sorghum farmers delivering to the new brewery in Kisumu brings the total number of farmers to 60,000 now supplying sorghum, millet and cassava to EABL across the region.” EABL, Twitter.

EABL came in 3rd in the top performing stocks after Longhorn Publishers and Safaricom in the Nairobi Securities Exchange 2019.