British American Tobacco (BAT) Kenya has posted an eight per cent growth in profit in six months to Ksh.2.7 billion.

The half year growth in earnings from Ksh.2.5billion an year earlier is largely attributable to lower costs of operations and financing costs in the period.

The company’s costs of operations fell by 10.1 per cent to Ksh.6.8 billion as finance costs declined to Ksh.81 million in the period from Ksh.126 million last year.

BAT net revenues were however down 7.1 per cent in the six months period ending June 30 at Ksh.10.5 billion from Ksh.11.3 billion from lower sales. Read more