Diageo Plc’s Kenyan unit’s first-half profit declined after the government increased taxes on its key products, dampening demand in a market already reeling from inflationary pressures.
East African Breweries Plc’s net income dropped 0.5% to 8.7 billion shillings ($69.98 million) in the six months through December, compared with the previous year, the company said in a statement on Thursday. Sales increased 4.4% to 57.3 billion shillings.
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