GIANT cigarette maker British American Tobacco Kenya has maintained a Sh3.50 interim dividend payout after half-year net profits through June grew by a modest 8.38 per cent.
The firm's net earnings rose to Sh1.94 billion for the six-month period from Sh1.79 billion a year earlier, helped largely by increased earnings from tobacco exports following depreciation of the shilling by about 10 per cent during the period.
Net revenue from sales were almost flat, expanding by a marginal 2.33 per cent to Sh10.55 billion from Sh10.31 billion in June 2014, BAT said in a financial statement published on Friday.
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