EABL CEO Jane Karuku. EABL dividendsThe company's board of directors also recommended dividends of KSh 7 per share, which will be subject to withholding tax. Operating profit grew 10% to KSh 28.8 billion, but profit after tax fell 12% to KSh 10.9 billion due to currency devaluation and rising interest rates. The company increased cash reserves by KSh 1.8 billion to KSh 10.8 billion and reduced total debt by KSh 11 billion. Karuku, who has served as KAM's vice-chairperson since July 2022, will be deputised by Hitesh Mendiratta, the managing director of PG Bison.
