While regional liquor maker East African Breweries Limited (EABL) defied higher taxation and depressed consumption to post a rise in sales and revenue, the shilling depreciation and high operating costs weighed down its net profit in the half year to December 2023.
The brewer’s post-tax profit dropped 22 percent to Sh6.7 billion from Sh8.7 billion last year, even though its net sales rose 16 percent to Sh66.5 billion.
