EABL PLC FY’23 PAT declined 20.87% to KES 12.32Bn driven by a 10.07% increase in cost of sales attributable to higher excise taxes, higher cost of inputs and effects of the difficult macro-economic environment. Revenue marginally increased by 0.22% y/y to KES 109.65Bn attributable to the difficult operating environment. The Kenyan market growth declined by 4.00% while the Ugandan and Tanzanian markets expanded 17.00% and 1.00% respectively. Additionally, EPS declined 16.87% to KES 12.47 with a decrease in the final dividend to KES 1.75 ( interim dividend of KES 3.75) taking the total dividend to KES 5.50 a 50.00% decline from KES 11.00 declared in FY’22.
