Nairobi, May 17 -- As coronavirus pandemic continues to disrupt economic activities in the country, some companies have issued warnings on their profits margins.
East African Breweries Limited (EABL), the leading beer makers in the region, has joined the growing list of companies listed in Nairobi Securities Exchange (NSE) to announce a decline in profits.
The EABL announcement is stipulated in the provisions of the Fifth Schedule and Capital Markets dealing with Public offers, listing and disclosures Regulations of 2002.
NEGATIVE IMPACT
EABL, in a public notice said that Covid-19 global pandemic, and subsequent response measures taken across the region have impacted on its business negatively.
"Consequently, the Board of Directors of ...