EABL share zooms past Equity on good results

The Kenya Breweries Limited plant in Kisumu. FILE PHOTO | NMG

The East African Breweries Limited (EABL) #ticker:EABL share has hit a five-month high to race past Equity Bank #ticker:EQTY, becoming the bourse’s second most-valued stock after growing half-year profit by more than a third.

The market warmed to this performance as well as the board’s proposal of a Sh2.50 per share interim dividend, the highest interim payout since a similar one was made in 2012.

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