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Companies

BAT half-year profit rises 3.39pc to Sh2bn

Some of BAT brands.
Some of BAT brands. The company has reported a 3.39 per cent rise in net profit in the half year ended June, buoyed by higher sales and lower costs. FILE PHOTO | NMG 

British American Tobacco Kenya #ticker:BAT has reported a 3.39 per cent rise in net profit in the half year ended June, buoyed by higher sales and lower costs.

The company made a net profit of Sh2 billion in the period compared to Sh1.94 billion a year earlier as sales rose 1.93 per cent to Sh17.4 billion.

The Nairobi Securities Exchange-listed firm declared an interim dividend of Sh3.5 per share, same as for the previous year.

The company says its sales rose due to incremental pricing and distribution expansion initiatives.

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