KENYA: Brand growth drives EABL earnings
East African Breweries Limited has seen first-half profits rise on the back of sales growth in its key markets of Kenya and Uganda.
The brewer yesterday (6 February) posted a 10% rise in operating profit to KSH4.1bn (US$57.6m) for the six months to 31 December. Turnover rose 7% to KSH19.7bn.
EABL managing director Gerald Mahinda said: "We remain strongly focused on investing in all areas of our business, our people, our brands. Innovation and our production are key to drive our success."
The brewer has recently revamped its Kenya Breweries arm and invested heavily in modernising its Uganda Breweries site.
EABL's flagship beer is Tusker but saw strong growth from its Senator brand, which has seen sales grow six-fold in Uganda over the last 12 months.
Sectors: Beer & cider
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