EABL stock falls 11.6pc after cutting interim dividend on profit decline

Samples of EABL products at its microbrewery off Thika Road on January 26, 2024. PHOTO | WILFRED NYANGARESI | NMG

East African Breweries Limited Plc share price fell by 11.6 percent on Friday after the company slashed its interim dividend following a 22 percent drop in profits through six months to December 2023.

The stock price dropped to Sh104.50 at the close of trading on Friday from Sh118.25 the previous day.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.