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The Standard Group Plc is a
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The recent hike in taxes has seen government take nearly half the prices of beer leaving manufacturers in a tight spot.
East African Breweries Limited, which Thursday announced a 67 per cent jump in half-year profits after tax to Sh7.7 billion, said the government is taking about Sh70 in taxes from a 500ml bottle selling at a recommended retail price of Sh150. The new taxes are expected to hit the company in the second half of the year as retailers pass on the costs to consumers.
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