East African Breweries Limited (EABL.tz) 2019 Annual Report

We have extracted a Chairman’s Statement from the 2019 annual report for East African Breweries Limited (EABL.tz), listed on the Dar es Salaam Stock Exchange:

Overview

It gives me great pride to report on a year of strong performance for East African Breweries Ltd (EABL). The year saw the business achieve growth across all areas of performance and all geographies, confirming that the focus we have placed behind our strategic pillars is working and delivering results. The reported growth in volumes, net sales value, profit after tax as well as the improvements in cash generation from the business have translated into improved shareholder’s return. As a result, the Board has recommended a final dividend of Kshs 6 per share, bringing the total dividend for the year to Kshs 8.50 per share, a 13% increase compared to Kshs 7.50 per share