Leading Kenyan brewery to pay big dividends

By Published On: July 30th, 2018Categories: Articles

Regardless of the fact that its profits have dropped EABL is going to pay a hefty dividends to its shareholders. This is because the firm can ignore an ad hoc tax payment that has dented its profits.

East African Breweries Ltd (EABL) will spend Ksh5.93 billion ($59.3 million) to pay out dividends to its shareholders, even as it posted reduced profits for the year ending June 30.

The regional brewer, which is listed on the Nairobi Securities Exchange (NSE), will pay Ksh5.5 ($0.05) per share.

In its audited financial results released last week, EABL posted a net profit of Ksh7.25 billion ($72.5 million) for the 12-month period to June 30, 2018, compared with Ksh8.51 billion ($85.1 million) the previous year…

View the EABL Page

Read complete article: The East African


The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.