Sameer Africa (NSE Listed), Nairobi based manufacturer and marketer of tyres and tubes recently announced their interim financial results for the half year ended 30^th June, 2007.

The company reported revenues of KES 1.76 billion for the half year ended June 30, 2007, an increase of 13.55% compared to KES 1.5 billion in the first half of 2006.

• Profit before tax for the first half of 2007 was KES 113 million, or 6% of revenues. This compares to profit before tax of KES 73 million, or 4.77% of revenues, in the first half of 2007.
• Profit after tax for the first half of 2007 was KES 84 million as compared to KES 41 million in the first half of 2006.

Sameer Africa closed the half-year with KES 136 million in Non-current liabilities, which is a decrease of 60% compared with the previous year. Translation reserves at June 30, 2007, increased to KES 38 million, or by 51% compared with the same period a year ago.