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East African Breweries Profit Grows Fastest in Four Years

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East African Breweries Profit Grows Fastest in Four Years East African Breweries Plc’s annual profit grew at the fastest pace in four years, even as accelerating inflation in its home market Kenya eroded spending power. The Kenya-based unit of Diageo Plc reported after-tax profit for the year through end-June of 18.2 billion shillings ($140.7 million), an increase of 49%, as net revenue climbed by 13%, the company said in a statement on Thursday.

East African Breweries Profit Grows Fastest in Four Years East African Breweries Plc’s annual profit grew at the fastest pace in four years, even as accelerating inflation in its home market Kenya eroded spending power. The Kenya-based unit of Diageo Plc reported after-tax profit for the year through end-June of 18.2 billion shillings ($140.7 million), an increase of 49%, as net revenue climbed by 13%, the company said in a statement on Thursday.
East African Breweries Profit Grows Fastest (ORG) East African Breweries Profit (ORG) East African Breweries Plc’s (ORG) Kenya (LOCATION) Diageo Plc (ORG)
Originally published by Bloomberg Markets Read original →