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UPDATE 1-East African Cables' pretax falls 14 pct in Jan-Sept

Wednesday, Oct 14, 2009
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* Turnover declines 18 pct during the period * Blames falls in metal prices and lower aluminium sales (Adds quote, dividend, background) NAIROBI, Oct 13 (Reuters) - Pretax profit for Kenya's East African Cables (CABL.NR) slid by 14 percent in the first nine months of this year to 500.2 million shillings ($6.63 million). The firm said turnover also declined by 18 percent to 2.4 billion shillings during the period due to a fall in global metal prices and lower aluminium sales. "The Kenyan operations continued to record growth with profits after tax increasing by 26 percent while Tanzania's profitability declined by 45 percent," the firm said in a statement. East African Cables has operations in most of the countries in the region. It said it would pay an interim dividend of 0.50 shillings per share. (Reporting by Duncan Miriri; Editing by David Cowell)

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