East African Breweries PLC (EABL) — FY 2024
Earnings report for East African Breweries PLC (EABL) for FY 2024 (iliyotolewa 29 Jul 2024). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Net sales grew by 13% to Kshs 124.1 billion (FY23: Kshs 109.6 billion).
- Operating profit increased by 3% to Kshs 24.9 billion (FY23: Kshs 24.2 billion).
- Profit after tax declined by 12% to Kshs 10.9 billion (FY23: Kshs 12.3 billion), impacted by currency devaluation and increased finance costs.
- Total dividend recommended: Kshs 7.00 per share (FY23: Kshs 5.50 per share), totaling Kshs 5.4 billion.
- Total debt reduced by Kshs 11 billion from Kshs 59 billion (FY23) to Kshs 48 billion (FY24).
- Net Debt to EBITDA ratio stood at 1.17x (FY23: 1.65x), within the Board target of 1.5x.