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Kenya's East African Breweries say H1 pretax profit up 5 pct
February 14, 2014 / 7:26 AM / in 4 years

Kenya's East African Breweries say H1 pretax profit up 5 pct

NAIROBI, Feb 14 (Reuters) - East African Breweries posted a 5 percent rise in its pretax profit to 6.08 billion shillings ($70.50 million) during its first half ended December due to higher sales, it said on Friday.

The firm, which is controlled by Britain’s Diageo said revenues were up 4 percent to 31.8 billion shillings in the first half.

EABL, which also operates in Tanzania and Uganda, said profit was growth due to the rise in net sales and a 1 percent decline in cost of sales driven by cheaper raw materials. ($1 = 86.3000 Kenyan shillings) (Reporting by Duncan Miriri; Editing by George Obulutsa)

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