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EABL reports profit surge
Published:  31 July, 2015

East African Breweries Ltd., the regionís largest brewer, said full-year profit surged 39% as revenue climbed on improved sales of its premium beers and spirits, reports Felix Njini of Bloomberg News.

Net income jumped to 9.58 billion shillings (US$94 million)†in the 12 months through June from 6.86 billion shillings a year†earlier, the Nairobi, Kenya-based company said in a statement†handed to reporters today (July 31). Revenue grew 6.1% to 64.4†billion shillings, it said.

EABL, as the company is known, is 50.03% owned by Diageo, the world's largest premium drinks maker which happens to make Guinness in Nigeria.