Kenya's East African Breweries H1 pretax profit rises 12 %

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East African Breweries Limited first-half pretax profit rose 12 per cent to 6.803 billion shillings (74.35 million dollars).

This is in comparison to a year ago, the brewer said on Thursday.

The firm, which is controlled by Britain’s Diageo said revenue in the six months to the end of December was up 9 per cent to 34.77 billion shillings from 31.86 billion shillings, but did not give details of what spurred the increase.

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Basic earnings per share rose to 5.24 shillings from 4.99 shillings a year ago, the brewer said in a statement.

EABL’s shares are up 5.84 per cent so far this year, in line with a move higher by the broader market, and closed at 326 shillings each on Thursday.

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The brewer will release details of its results at an investors briefing due on Friday.