Nairobi, July 22 -- BAT Kenya #ticker:BAT has maintained Sh350 million interim dividend after net profit for the six months to June rose by 0.71 percent, partly slowed by increased operating cost.
Cigarette maker's half year net profit increased by Sh19 million to hit Sh2.69 billion as sales volumes grew in the Covid-19 environment.
The board has approved an interim dividend of Sh3.50 per share amounting to Sh350 million, being the same as what was paid in preceding similar period. The payout is set for mid-September.
BAT performance came in an environment in which many businesses have been recording revenue drops due to weakened consumer demand especially on non-priority goods and services.
"Despite the challenging operating environmen...