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EABL FY2016/17
Ericsson
#1 Posted : Friday, July 28, 2017 10:29:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
Kenya’s East African Breweries said net profit for the year through June rose 6 percent to 8.5 billion Kenyan shillings ($81.89 million), helped by reduced operating costs and a slight rise in sales.

The brewer, controlled by Britain’s Diageo, said in a statement on Thursday that net sales rose 2 percent, while it saved 2.3 billion shillings in operating costs in the period.

net sales in Kenya – which makes up about 70 percent of its profits – were up 4 percent despite higher excise duty and drought-induced inflation. Sales in Uganda rose 7 percent and shrunk 12 percent in Tanzania.

The EABL declared a final dividend of Sh5.5 per share, raising the total payout for the year to Sh7.5 per share.

http://www.businessdaily...035480-3g9h0u/index.html
Ericsson
#2 Posted : Friday, July 28, 2017 2:46:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
Kenya's EABL to convert Tanzania unit loan into equity

http://af.reuters.com/ar...ditiesNews/idAFL5N1KJ2NH
Ericsson
#3 Posted : Sunday, July 30, 2017 11:54:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
EABL FY;
*Kenya contributed 74% of EABL's total sales.
*Uganda revenue +7%
*Tanzania revenue -12%
Pesa Nane
#4 Posted : Monday, July 31, 2017 5:13:44 PM
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Joined: 5/25/2012
Posts: 3,736
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Ericsson
#5 Posted : Saturday, August 05, 2017 8:15:33 AM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
obiero
#6 Posted : Saturday, August 05, 2017 9:20:05 AM
Rank: Elder


Joined: 6/23/2009
Posts: 9,376
Location: nairobi
Ericsson wrote:
http://www.businessdailyafrica.com/analysis/What-EABL-debt-rollover-signals-investors/539548-4043954-1044lrez/index.html

I would exercise caution on this one
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual and logical..
Ebenyo
#7 Posted : Saturday, August 05, 2017 7:01:21 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,233
Location: Kitale
Pesa Nane wrote:



cashflow position?
Dont work for money.Let your money work for you.
Pesa Nane
#8 Posted : Sunday, August 06, 2017 8:20:21 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,736
Location: 08c
Ebenyo wrote:

cashflow position?



Pesa Nane plans to be shilingi when he grows up.
Ebenyo
#9 Posted : Monday, August 07, 2017 9:28:56 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,233
Location: Kitale
Pesa Nane wrote:
Ebenyo wrote:

cashflow position?






Thats a positive and healthy cash flow.These guys are definitely good at managing debts.
Dont work for money.Let your money work for you.
Ericsson
#10 Posted : Monday, August 28, 2017 1:29:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
"EABL has announced plans to build a new plant in Kisumu to produce its Senator brand of beer. The multi-billion shilling factory, expected to be commissioned by 2019, will be funded through debt. The company plans to structure a financing deal with a consortium of local banks."

http://www.businessdaily...73002-b4dh2d/index.html

Ericsson
#11 Posted : Thursday, August 31, 2017 4:59:19 PM
Rank: Elder


Joined: 12/4/2009
Posts: 4,929
Location: NAIROBI
[quote=Ericsson]Kenya's EABL to convert Tanzania unit loan into equity

http://af.reuters.com/ar...itiesNews/idAFL5N1KJ2NH[/quote]



http://www.businessdaily...776-1259hktz/index.html


Beer maker East African Breweries Ltd is set to significantly raise its stake in its Tanzanian subsidiary Serengeti Breweries by converting a Sh15.3 billion loan into shares.
The Nairobi Securities Exchange-listed firm, which currently holds a 51 per cent interest in the unit, has made the disclosure in its latest annual report.
Ebenyo
#12 Posted : Thursday, January 25, 2018 3:29:26 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,233
Location: Kitale
https://www.businessdail...8200-1486d4a/index.html

Eabl has started by blaming election period.Will other companies follow suit?
Dont work for money.Let your money work for you.
Gatheuzi
#13 Posted : Thursday, January 25, 2018 7:40:02 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 962
Ebenyo wrote:
https://www.businessdailyafrica.com/corporate/companies/Political-uncertainty-hit-EABL-half-year-revenues--Diageo-says/4003102-4278200-1486d4a/index.html

Eabl has started by blaming election period.Will other companies follow suit?

Next they will blame Bitcoin.Laughing out loudly Laughing out loudly Laughing out loudly
Time is money, so money is time. Money saved is time gained in reverse!
Ebenyo
#14 Posted : Thursday, January 25, 2018 10:36:17 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,233
Location: Kitale
Gatheuzi wrote:
Ebenyo wrote:
https://www.businessdailyafrica.com/corporate/companies/Political-uncertainty-hit-EABL-half-year-revenues--Diageo-says/4003102-4278200-1486d4a/index.html

Eabl has started by blaming election period.Will other companies follow suit?

Next they will blame Bitcoin.Laughing out loudly Laughing out loudly Laughing out loudly



Laughing out loudly Laughing out loudly Laughing out loudly
Dont work for money.Let your money work for you.
VituVingiSana
#15 Posted : Friday, January 26, 2018 7:47:29 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,293
Location: Nairobi
Ebenyo wrote:
https://www.businessdailyafrica.com/corporate/companies/Political-uncertainty-hit-EABL-half-year-revenues--Diageo-says/4003102-4278200-1486d4a/index.html

Eabl has started by blaming election period.Will other companies follow suit?

Not just EABL. Look at firms that have released Profit Warnings... the election looms large.

[Though to be fair to these firms, the prolonged election did cause a lot of uncertainty and losses.
Construction had slowed down, folks were wary and domestic travel/tourism was slow around the election dates, the multiple holidays impose a wage and productivity cost, etc.
Transporters would have locked up their lorries.
Firms like Williamson had equipment destroyed in 2007 would probably idle their equipment or move it elsewhere for the period.
Flower firms in Naivasha had slowed down and let some workers take leave.
Some shops/supermarkets closed early or not open during election day and election eve.
There's a domino effect when there's uncertainty and fear.
It should not be so but that's the new reality post-2007.
Netflix probably did well!]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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