Diageo’s Kenyan Unit Posts 39% Profit Growth as Sales IncreaseFelix Njini
East African Breweries Ltd., the region’s largest brewer, said full-year profit surged 39 percent as revenue climbed on improved sales of its premium beers and spirits.
Net income jumped to 9.58 billion shillings ($94 million) in the 12 months through June from 6.86 billion shillings a year earlier, the Nairobi, Kenya-based company said in a statement handed to reporters Friday. Revenue grew 6.1 percent to 64.4 billion shillings, it said.
EABL, as the company is known, is 50.03 percent owned by Diageo Plc, the London-based manufacturer of Guinness stout and Johnnie Walker whisky.
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