Business Daily | by Otiato Guguyu
East African Breweries Limited (EABL) is expected to record up to 63 per cent recovery of its revenues on Senator Keg and other beer brand sales following the loosening of coronavirus restrictions, according to a research by Genghis Capital.
The analysts however warn that falling tax revenues may see the government target alcoholic products with additional taxes which might dampen the company’s earnings outlook.
Restrictions on social events hit EABL hard as revenues fell 9.0 per cent year on year and…
