INDUSTRIALS & ALLIEDS
EABL H1 Pre-tax Profit Drops 8%
East African Breweries Limited pre-tax profit for the six months ended December 31 2009 dropped 8% to Ksh.6.2 billion from Ksh.6.7 billion in the same period last year. Revenue grew to Ksh.18.6 billion on the back of improved sales. Sales volumes fell 10% across the company’s regional markets, but its impact on sales was softened [...]
Mumias Sugar H1 Pre-tax Profit Rise 561%
Mumias Sugar Co Ltd’s pre-tax profit for the six months ended December 31 2009 rose 561% on account of high sugar prices and effective cost cutting measures. The listed miller’s pre-tax profit increased from Ksh.231 million during the same period last year to Ksh.1.5 billion this period.
Net revenues for the miller rose 48.08% to Ksh.7.7 [...]
BOC Kenya: HY2009 Profit Down 20%
BOC Kenya Limited
BOC Kenya has announced a 20% drop in profit attributable to shareholder for the Half Year period ending June 30 2009. According to the results, sales for the period increased by a mere 3.6% while administrative expenses grew by 8.3%. Current assets declined by 4.2% based on yoy comparison while current liabilities dropped [...]
KenolKobil Reports KES431 million loss in HY2009
KenolKobil Limited (formerly Kenya Oil Company Limited) reported a loss of Ksh. 431 million for the six months ended 30th June 2009. This compares to a profit of Ksh. 491 million in the same period last year.
The Groups consolidated income statement shows an increase in cost of sales, Distribution costs, administrative and Operating costs [...]
Athi River: HY2009 Profits Up 32%
Athi River mining’s Turnover for the first six months of 2009 grew by 16% over the corresponding period in 2008. Earnings before interest, Tax, Depreciation and Amortization for the first half of 2009 was Ksh. 635 Million while net profit after tax increased by 32%. Earnings per share on an annualized basis also increased from [...]
Sameer’s H109 Net profit Up on other income
Sameer Africa (NSE Listed), Nairobi based manufacturer and marketer of tyres and tubes recently announced their financial results for the half year period ended 30th June, 2008. The company earned a net profit of KES48 million during the January-June period. The company’s operating profit for the six month period grew by 72.96% to KES104 million [...]
Olympia Slips into red after discontinued operations loss
Olympia capital Holdings Ltd, an NSE listed company reported a net loss for the full year period ended February 28 2009. Olympia reported a net loss of KES56 million for the 2008 year compared to a net profit of KES20 million a year earlier (14 month period). According to the financial results, excluding a loss [...]
BAT Kenya: Half Year Net Profit Up 8.6%
British American Tobacco Kenya Ltd. recently reported its results for the six months ended June 30, 2009. The company reported Ksh.858 million in profits after tax, a 8.6 % rise over the same period last year. BAT’s gross turnover stood at Ksh.9 billion representing a 10% increase from Ksh.8 billion in the first half of [...]
EABL: FY2009 Profit Down 5%
East African Breweries has announced that their FY2009 net profit declined by 5%. The local brewer reported a net profit of KES 7.1 billion for the Financial year ending June 30, 2009 compared to KES 7.5 billion reported in FY2008. Net revenue increased by 6% from KES 32 billion in FY2008 to KES34 billion in [...]
Total Kenya reports loss on oil-price drop
Total Kenya reported a net loss and sales decline for the first quarter ending March 31, 2009. The Nairobi based company, one of Kenya’s leading distributor and seller of petroleum products watched as its first quarter revenue shrank to KES8 billion, a drop of 20.4 percent from the previous year.
Including finance charges and FX differences, [...]
