Executive Summary
Our company recorded 15% growth in revenue to Kshs 86 billion for the year ended June 2021. Profit before tax was up 2% to Kshs 10.9 billion. The slower profit growth was driven by the impact of cost inflation, adverse foreign exchange and tax charges.
EABL witnessed significant business growth in Fiscal year 2021 on the back of improved year-on-year operating environment and rapid adaptation of our ways of working to respond to shifting consumer behaviour across East Africa. The COVID-19 pandemic continued to disrupt our operations, impacting how we run our business and posing significant challenges to our consumers. Nationwide curfews and the need for social distancing impacted sales in bars and restaurants, as these on-trade channels operated within restricted opening hours in Kenya and Uganda, our largest markets.
Notwithstanding, the EABL team executed our strategy with determination, consistency, and clarity to deliver better, leveraging our wide portfolio of brands and route to market diversity across East Africa.
Our company recorded 15% growth in revenue to Kshs 86 billion for the year ended June 2021. Profit before tax was up 2% to Kshs 10.9 billion. The slower profit growth was driven by the impact of cost inflation, adverse foreign exchange and tax charges.
EXECUTIVE SUMMARY (PDF 1737KB)