Nairobi — East Africa Breweries Limited has warned of up to 25 percent losses in net sales for the financial year ending June 2020 on disruption of business by the coronavirus outbreak.

EABL Board Chairperson Martin Oduor in a statement on Saturday to its shareholders said the firm is expecting losses of up to Sh2.86 billion for the current financial year.

"EABL's current performance forecast indicates a decline in profit after approximately 25 percent for the financial year ending June 30 2020 versus prior year," said Oduor.

The brewers parent company Diageo warned of Sh41 billion hit in its sales for the financial year where the virus has disrupted consumption.

EABL Kenya last year reported a 14.79 per cent drop in net profit in the year ending June 2019 at Sh7.25 billion on higher costs and tax expenses.