An employee of the East African Breweries Ltd checks beer quality before labelling at the company’s plant in Ruaraka, Nairobi. PHOTO | FILE | NATION MEDIA GROUP
Beer maker East African Breweries Ltd (EABL) has taken a hard hit from the closure of bars and restaurants in the wake of the Covid-19 pandemic, becoming the first listed company in the region to issue a profit warning.
The profit alert means that EABL’s net earnings will fall at least 25 per cent, or by Ksh2.87 billion ($28.7 million) in the financial year ending June 2020.
