EABL retains dividend despite profit dip

Andrew Cowan EABL managing director. NMG PHOTO

East African Breweries Limited (EABL) has retained its dividend payout rate despite a 14.79 per cent drop in net profit in the year ended June.

Higher costs and tax expenses weighed down the NSE-listed brewer, which reported a net profit of Sh7.25 billion in the period compared to Sh8.51 billion a year earlier.

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