Diageo East Africa’s Unit Reports Lower Profit for Second Year

Diageo East Africa’s Unit Reports Lower Profit for Second Year

East African Breweries Plc’s annual profit dropped for a second straight year as financing charges ballooned by nearly 50%.

The Kenya-based unit of Diageo Plc reportedBloomberg Terminal profit for the year through June 30 of 10.87 billion shillings ($83 million), a fall of 12%, even as net revenue climbed by 13%. Group volumes increased by only 1% from a year earlier.

Source link : https://www.bloomberg.com/news/articles/2024-07-30/diageo-east-africa-s-unit-reports-lower-profit-for-second-year

Author :

Publish date : 2024-07-30 06:40:00

Copyright for syndicated content belongs to the linked Source.

Exit mobile version