wazua Tue, Oct 17, 2017
Welcome Guest Search | Active Topics | Log In | Register

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


Joined: 12/4/2009
Posts: 3,592
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: 3,592
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: 3,592
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
Rank: Elder


Joined: 5/25/2012
Posts: 3,343
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: 3,592
Location: NAIROBI
obiero
#6 Posted : Saturday, August 05, 2017 9:20:05 AM
Rank: Elder


Joined: 6/23/2009
Posts: 7,116
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
one thing that's certain is that there's uncertainty at the NSE and stocks hate uncertainty
Ebenyo
#7 Posted : Saturday, August 05, 2017 7:01:21 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 927
Location: Kitale
Pesa Nane wrote:



cashflow position?
1.Cut down on expenses2.Save a portion of the income 3.Invest heavily
Pesa Nane
#8 Posted : Sunday, August 06, 2017 8:20:21 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,343
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: 927
Location: Kitale
Pesa Nane wrote:
Ebenyo wrote:

cashflow position?






Thats a positive and healthy cash flow.These guys are definitely good at managing debts.
1.Cut down on expenses2.Save a portion of the income 3.Invest heavily
Ericsson
#10 Posted : Monday, August 28, 2017 1:29:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 3,592
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: 3,592
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.
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2017 Wazua.co.ke. All Rights Reserved.