By AFP More by this AuthorLondonBritish drinks group Diageo, the maker of Guinness stout and Smirnoff vodka, on Tuesday said falling-out from the coronavirus pandemic cut its annual profits by more than half. Diageo, which produces also Baileys liqueur and Johnnie Walker whisky, said profit after tax slid to £1.4 billion ($1.8 billion, Sh194.4 billion) in the 12 months to June 30. That compared with net profit of £3.16 billion (Sh443.06 billion) one year earlier. Mirroring other distilleries during the pandemic, Diageo has supplied alcohol to make anti-bacterial hand sanitiser to boost stocks worldwide. Diageo, the world’s biggest spirits maker is the main shareholder in East African Breweries Limited, whose subsidiary is Kenya Breweries Limited, the maker of Tusker, Pilsner among other brands.

Source: Daily Nation August 05, 2020 04:52 UTC