EABL’s net profit hits Sh10bn despite sharp dip in Tusker sales

Beer maker EABL’s net profit for the full year to June increased seven per cent to Sh10.3 billion, defying a 27 per cent drop in sales of its flagship brand, Tusker.

The brewer reported that cash from operations had increased by 32 per cent in the period to Sh27.9 billion as finance costs dropped by a fifth to Sh3.3 billion.