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Movement restrictions due to the Covid-19 pandemic has cost East African Breweries Ltd (EABL) Sh2.9 billion in profits.
According to a notice the region’s largest brewer released to its shareholders yesterday, EABL said it expects a profit decline of approximately 25 per cent for the financial year ending June 30 2020. This is compared to the profit the company declared at the same period last year.
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