Extended poll period, higher costs cause 11pc dip in net earnings

Workers outside the brewer's plant in Ruaraka, Nairobi. FILE PHOTO | NMG

East African Breweries Limited (EABL) #ticker:EABL after-tax profit for the six months to December dipped 11.3 per cent to Sh4.95 billion following a weak performance by the Kenyan market and higher costs.

The regional brewer’s revenues improved 4.7 per cent to close the half-year at Sh36.8 billion, driven by its bottled beer business in Kenya and Tanzania and the spirits segment.

PAYE Tax Calculator

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