EABL profits increase 22%
Aug 27, 2005
EAST African Breweries’ (EABL) profits before tax for the year ended June 2005 rose by 22% to Ksh8.6b following the company’s investment in infrastructure, a company report has said.
By Peter Kaujju
EAST African Breweries’ (EABL) profits before tax for the year ended June 2005 rose by 22% to Ksh8.6b following the company’s investment in infrastructure, a company report has said.
Chris Emptage, managing director of Uganda Breweries Limited (UBL), a subsidiary of EABL, said innovation and heavy investment in infrastructure has led to the improved results.
“The good results highlight our strong focus on investing in all areas of our business, our people, brands. Our production continues to drive our success,†Emptage said during the announcement of the results at the Sheraton Kampala Hotel recently.
He said the group achieved several objectives during the year like cross listing on the Dar es Salaam Stock Exchange and launch of the EABL Foundation in Kenya and Uganda.
“We are a truly East African company because our award winning products are sold across the region. Our shares can be traded in every market and our community focus is extended to needy communities throughout East Africa,†Emptage said.
He said the group’s board had approved 1% of their post-tax profit to be used for community initiatives to enhance the firm’s corporate social responsibility.
EABL, which is the parent company of Uganda UBL, Kenya Breweries, International Distillers Uganda, Kenya Maltings, Centarl Glass Industries and UDV Kenya, recently hit a billion dollar mark in market capitalisation.
Ends
EAST African Breweries’ (EABL) profits before tax for the year ended June 2005 rose by 22% to Ksh8.6b following the company’s investment in infrastructure, a company report has said.
Chris Emptage, managing director of Uganda Breweries Limited (UBL), a subsidiary of EABL, said innovation and heavy investment in infrastructure has led to the improved results.
“The good results highlight our strong focus on investing in all areas of our business, our people, brands. Our production continues to drive our success,†Emptage said during the announcement of the results at the Sheraton Kampala Hotel recently.
He said the group achieved several objectives during the year like cross listing on the Dar es Salaam Stock Exchange and launch of the EABL Foundation in Kenya and Uganda.
“We are a truly East African company because our award winning products are sold across the region. Our shares can be traded in every market and our community focus is extended to needy communities throughout East Africa,†Emptage said.
He said the group’s board had approved 1% of their post-tax profit to be used for community initiatives to enhance the firm’s corporate social responsibility.
EABL, which is the parent company of Uganda UBL, Kenya Breweries, International Distillers Uganda, Kenya Maltings, Centarl Glass Industries and UDV Kenya, recently hit a billion dollar mark in market capitalisation.
Ends