BAT Kenya: AIB AXYS - BAT Kenya FY'23 Earnings Note

  • BAT Kenya navigated varied macroeconomic headwinds to post a 19.2%y/y softening in net earnings.

  • Net sales shrunk notably by 6.7% y/y to KES 25.56Bn.

  • Operating expenses held largely flat, growing by a modest 80bps to KES 17.63Bn.

February 23rd, 2024
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