Nairobi, Aug. 3 -- East African Breweries Limited #ticker:EABL (EABL) projects to restart dividend payouts this financial year on higher beer and spirit prices in a period when unit sales are expected to rise.
EABL managing director Jane Karuku said the brewer's profit margin is forecast to recover from effects of Covid-19, helping reverse a freeze on dividends that followed flat earnings.
The brewer has been hit in the wake of Covid-19 restrictions, including the night curfew and reduced drinking hours in pubs.
The firm last paid an interim dividend of Sh3 per share, or Sh2.37 billion, for the six months ended December 2019.
As part of the recovery strategy, EABL raised beer and spirits prices on June 18, an increase that looks set to ...