East African Breweries shares fall after profit warning

Shares in Kenya’s East African Breweries tumbled as much as 6 percent in early trade on Wednesday, a day after the beer and spirits maker warned that its net profit would drop by more than a quarter in the year to June.

By 0645 GMT, the shares had recovered some ground to trade down 4 percent at 335 Kenyan shillings ($3.83). The shares closed at 349 shillings on Tuesday.

($1 = 87.4000 Kenyan shillings)

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