Net profit of EABL 2017-2020
The Kenyan-based East African Breweries Limited (EABL) registered a decrease of 39 percent in profit after taxes for the financial year 2020. The profit declined to roughly seven billion Kenyan shillings (around 64.4 million U.S. dollars) from approximately 11.5 billion KSh (105.6 U.S. dollars) in 2019. EABL attributed the fall to disruptions in the beverage market caused by the COVID-19 pandemic. The company manufactures branded beer, spirits, and non-alcoholic beverages, and also operates in Uganda and Tanzania. In Kenya, the subsidiary of the global alcohol producer Diageo is the