According to Centum’s annual report, the MSP portfolio of cash securities, which is managed by Centum’s asset management subsidiary Nabo Capital, returned 14% during the period, up from 13.1% in 2021.
Kenya airways reported a Kes 9.88 billion half-year loss, which was less than the Sh11.48 billion loss reported in the same period last year.
EABL delivered a strong beer performance, up 27 percent, aided by the beer recovery in Kenya. The Group’s spirits category was up 26 percent, boosted by a 27 percent growth in mainstream spirits.
Centum Investment Company Plc shareholders are set for a Kes 391 million dividend payout, marking a 77% increase in dividend payout compared to the Kes 219 million paid in the previous year.
BAT Kenya’s gross revenue increased by 8 percent to Kes 21.9 billion serving as a buffer to the increased operational costs and higher taxes during the period.
BK Group’s net interest income rose by 4.3% year-on-year to FRw 33.3 billion supported by higher income from loans and advances, which grew by 8.8% from Q1 2021 to FRw 1.1 trillion.
Growth in total income and reduction in loan loss provision charge pushed performance by 74% in steady post-COVID-19 recovery KCB Group Plc recorded a historic 74% rise in profit after tax for the full year ending December 2021, riding on an economic recovery across markets. Net profit grew to KShs.34.2 billion compared to KShs.19.6 …
KCB GROUP PLC POSTS KSHS.34.2B IN FULL-YEAR 2021 PROFIT AFTER TAX Read More »
I&M Group has reported its financial results for the third quarter of 2021 with Profit after tax (PAT) surging 25.1% to Kes 5.4 Billion mainly on the back of a 34.5% growth in net interest income to Kes 14 Billion. The lender attributed the growth in earnings to increased net interest income and its share …
I&M Group Reports a 25% Rise in Profits to Kes 5.4 Billion in Q3 Read More »
Housing Finance (HF Group) has narrowed its net loss by 22 per cent to Kes 569.91 million in the nine months to September, helped by growth in non-interest income and a drop in operating expenses. The Nairobi Securities Exchange-listed firm had posted a net loss of Kes 730.21 million in the same period last year. …
HF Group Reports a Net Loss of Kes 569.91 Million in Q3 2021 Read More »
Absa Bank Kenya’s net profit increased sharply to Kes 8.2 billion in the nine months ended September as provision for bad debt fell sharply. The lender’s net income rose 328.2 per cent from Kes 1.9 billion a year earlier attributed to the decline in provision for defaults by 55.2 % to Kes 3.4 billion. The …
Absa Kenya Records a 328% Jump in Net Profit to Kes 8.2 billion Read More »
Kapchorua Tea Kenya, a listed firm engaged in the cultivation, manufacture and sale of tea, leapt from a loss-making territory to net earnings of Kes 25.7 Million at the close of its half-year ended 30th September 2021. This is compared to a net loss of Kes 12.7 Million over a similar period last year. The …
Kapchorua Tea Reports Half Year Net Earnings of Kes 25.7 Million Read More »
Co-op Bank of Kenya has posted a Net Profit of Kes 11.6 Billion in the nine months period ending September 30th, 2021 compared to net earnings of Kes 9.8 Billion over a similar period last, an improvement of 18.4%. The lender’s earnings were boosted by an increase in loans to customers as well as an …
Co-op Bank of Kenya Posts Net Profit of Kes 11.6 Billion in Q3 Read More »
KCB Group more than doubled its Net Earnings to Kes 25.2 Billion at the end of the nine months period ending September 2021, an increase of 131% from Kes 10.9 Billion over a similar period last year. This makes KCB Group the second most profitable lender in Kenya. The lender attributes this strong financial performance …
KCB Group Net Earnings Rise 131% to Kes 25.2 Billion in Q3 2021 Read More »
Standard Chartered Bank Kenya (StanChart) has reported a 46.7 per cent jump in net profit for the nine months to September, helped by an increase in foreign exchange earnings and reduced operating expenses. The Nairobi Securities Exchange-listed bank recorded Kes 6.35 billion in profit after tax from Kes 4.33 billion posted in a similar period …
StanChart Net Profit Jumps to Kes 6.4 Billion in Q3 Read More »
Safaricom Plc on Wednesday released its unaudited results for the six months ended 30 September 2021 with net profit for the period rising by 12.1% to Kes 37.056 Billion compared to Kes 33.07 Billion posted in a similar period a year ago. Profit before tax was up by 22.1% to Kes 77.4 Billion compared to …
Safaricom Half-Year Net Profit Up 12.1% to Kes 37 Billion Read More »
Equity Group Holdings Plc has posted an increase of 85% in Pre-tax profit to Kes 36.6 Billion in the third quarter period ended 30th September 2021. This is compared to a Pre-tax profit of Kes 19.7 Billion in the same period in 2020. The lender saw its net earnings increase 79% from Kes 15.0 Billion …
Equity Group’s Records a 79% Rise in Profit to Kes 26.9 Billion in Q3 2021 Read More »
At the end of September, Berkshire Hathaway’s cash pile reached a record $149.2 billion, up from $144.1 billion in the second quarter.
Bank of Kigali (BK Group Plc) has reported a Net Income of Kes 4.1 billion (US$ 36.6 million) an increase of 33.0% year on year with a return on average total assets and return on average total equities reaching 3.4% and 18.2% respectively for the period ended September 30th, 2021. In its Audited financial results, …
Bank of Kigali (BK Group) Records a 33% Increase in Net Income to Kes 4.1 Billion Read More »
Kenya Power and Lighting Company (KPLC) emerged from a loss-making territory or Net Loss of Kes 939 Million in 2020 to Net Profit of Kes 1.490 Billion for the financial year ended 30th June 2021, an increase of 16.08%. According to its audited financial results for the year ended 30th June 2021, the state-owned electricity distributor …
Kenya Electricity Generating Company PLC (KenGen) has reported a 7% increase in Profit Before Tax from Kes.13.79 billion to Kes.14.76 billion during the period ended 30th June 2021. Announcing the results, KenGen Managing Director and CEO, Rebecca Miano said the profit growth was achieved on the back of continued revenue growth underpinned by the company’s …
KenGen Reports a 7% Rise in Pre-Tax Profit to 14.8 Billion in its Full Year 2021 Read More »
East African Cables posted a Net Loss of Kes 753.2 Million at the end of the financial year ended 31st December 2020. This is compared to a Net Profit of Kes 630.9 Million over a similar period in 2019. The listed firm also recorded a Pre-tax loss of Kes 555.1 Million in 2020 compared to …
East African Cables Reports Net Loss of KSh 753.2 Million in 2020 Read More »
WPP Scangroup issued a profit warning, with expectations that the company’s full-year 2021 earnings will be at least 25% lower than Full Year 2020.
The BOC Kenya Board has appointed Joseph Ramashala the Non-Executive Director with effect from 13 September 2021. This comes after the resignation of Marius Kruger as a Non-Executive Director who was appointed a Non-Executive Director of BOC Kenya in August 2013 and was a Member of the Audit & Risk and the Nominations and Corporate Governance Committees. …
BOC Appoints Joseph Ramashala as Non-Executive Director Read More »
Longhorn Publishers has reported a profit after tax of kes 7.48 million for the first six months ended 30th June 2021 a significant improvement from the loss of Kes 225 million that was recorded during the previous year. Revenue for the period recorded a 16% increase to Kes 1.244 billion attributed to the business model, …
Longhorn Publishers Posts a Profit of Kes 7.48 Million in 1H2021 Read More »
Nairobi Business Ventures (NBV) has reported a rise in the net profit for the period that ended 31st March 2021 to Kes 32.9 million from a net loss of Kes 39.4 million recorded during a similar period last year. The company achieved sharp growth in profit after restarting its trading business during the year. NBV …
NBV Reports a Profit of Kes 32 Million for the Period Ended 31st March 2021 Read More »
WPP Scangroup company has released its financial results for the financial year ended 31st December 2020 after a three-month- delay which was occasioned by the firm’s investigations against its former Chief Executive Officer Bharat Thakrar and the former Chief Finance Officer Satyabrata Das over gross misconduct. The Marketing and communication company reported a 22% loss …
WPP Scangroup Reports a Loss of Kes 1.732 Billion During the Financial Year 2020. Read More »
Britam Holdings has posted Kes 376.3 million net profit in six months to June, marking a recovery from the Kes 1.63 billion net loss posted in a similar period last year. The return into profits was attributed to growth in investment income and a rise in the value of shares at the Nairobi Securities Exchange …
Britam Holdings Posts a Profit of Kes 376.3 million in 1H2021 Following NSE Rally Read More »
I&M bank booked a 29% rise in its half-year profit to hit Kes 4.25 billion during the six months period ended 30th June 2021 from a lower Kes 3.19 billion recorded during the same period last year. The performance was largely attributed to higher operating income in the six months, which helped offset greater costs …
IM Bank Posts a 29% Rise in half year Profits to Kes 4.25 Billion. Read More »
NCBA Bank has posted a 77 % rise in half-year profit to Kes 4.66 billion during the half-year period ended 30th June 2021 compared to Kes 2.6 billion recorded during the same period in 2020. The group attributed the strong financial performance to the steadily improving economic environment and early outcomes of the Group’s focus …
NCBA Records a 77% Jump in Profit to Kes 4.6 Billion in 1H2021 Read More »
Standard Group’s performance for the 6 months period ended 30 June 2021 showed improvement with a 14% revenue increase to close at Kes. 1.6 billion compared to Kes. 1.4 billion for the same period in 2020. The media house attributed the performance to the improved operating environment with key clients gradually increasing their advertising budgets, …
Standard Group Posts a Revenue of Kes 1.6 Billion in 1H2021 Read More »
Jubilee Holdings has posted a profit before tax of Kes 4.5 billion for the half-year ended June 30, a 150 % jump compared to Kes 1.8 billion reported same period last year. The notable rise was pegged to the sale of a 66 % stake in its former subsidiary Jubilee General Insurance Limited to Munich-based …
Bamburi Cement Group has posted a Kes 776 million profit for the half-year ended 30th 2021, a 7.6 % growth compared to the Kes 721 million profit recorded in a similar period last year. The cement maker attributes the growth to the recovery of the cement market against a depressing first half of 2020, impacted …
Bamburi Cement Post a 7.6% Growth in Profit to Kes 776 million in 1H2021 Read More »
Absa Bank Kenya Plc has reported its financial results for the first six month period ended 30th June 2021, outperforming its peers to post 846% growth in Profit After Tax to Kes 5.6 billion compared to Kes 0.6 Billion in the same in 2020. The impressive performance was mainly driven by growth in interest income, …
ABSA Bank Kenya Reports 846% Rise in Profit to Kes 5.6 Billion Read More »
Diamond Trust Bank Kenya Ltd (DTK) has reported a 20.1% increase in Profit after tax to Kes 3.2 billion during the six months period ended 30th June 2021 compared to a profit of Kes 2.62 billion recorded during the same period in 2020. Profit before tax stood at Kes 4.9 Billion during the six months …
Diamond Trust Bank Posts a 20.1% Rise in Profits to Kes 3.2 billion in 1H2021 Read More »
Family Bank said it would use the funds to increase its branch network from the current 92 outlets in 37 counties, widening its presence and customer base as it also considers an initial public offering (IPO) proposal.
At the end of today’s trading session on the Nairobi Securities Exchange. A total of 7,475,200 shares in 1,174 deals, corresponding to a market value of KES 300,217,368.00, were traded. Compared with the previous NSE trading day (Monday, August 23), today’s data shows 64% decline in volume, 54% decline in turnover, and 2% decline in …
Standard Chartered Bank Kenya(StanChart) has reported a 50.9 % growth in net profit in the half-year period ended 30th June 2021. The performance was attributed to lower operating expenses reported in the group and higher non-interest income. The lender reported net earnings of Kes 4.8 billion in the half-year period compared to Kes 3.2 billion …
StanChart Posts a 50% Rise in Profits to Kes 4.8 Billion in 1H2021 Read More »
KCB Group Plc has posted a strong performance in the first half of the year, driven by improved economic activity, robust revenues, and lower provisions charge. Profit after tax doubled to Kes.15.3 billion from Kes. 7.6 billion a year ago amid the effects of the ongoing COVID-19 pandemic. Revenues increased by 14% on account of …
KCB Group Doubles Half Year Profits at Kes 15.3 Billion Read More »
TotalEnergies Kenya has reported a 50% increase in the half-year profit to Kes 1.7 billion for the period ended 30th June 2021 from Kes1.1 billion reported at the end of the first half of 2020. TotalEnergies attributed the good performance to the economic recovery witnessed in Kenya in the first half of this year, with …
TotalEnergies Post Kes 1.7 Billion Net Profit in 1H2021 Read More »
Co-operative Bank has reported a net profit of Kes 7.4 billion for the half-year period ended 30th June 2021, a 2.3% increase from the Kes 7.2 billion posted during the same period last year. The growth was attributed to growth in interest and non-interest income. The increase came on the back of total operating income—made …
Co-operative Bank Posts Kes 7.4 Billion Net Profit in Half Year Earnings Read More »
Equity Group Holdings Plc has recorded 98% growth in its profit after tax to Kes 17.9 Billion in H1, 2021 compared to Kes 9.1 Billion posted during the same period last year, defying the effects of the COVID-19 pandemic on the economy. Equity attributed the performance to significant growth in customer deposits, which pushed its balance …
Equity Group Holdings Records 98% Growth in Profit to Kes 17.9 Billion in H12021 Read More »
Limuru Tea recorded total revenue of Kes 47 million in the period ended 30th June 2021, an 8% decline as compared to Kes 51 million realised during the same period of 2020. The decline was attributed to lower production volumes and declining market prices. In the first half of 2021, the company reported they produced …
Limuru Tea Posts 8% Decline in Revenue to Kes 47 Million HY2021 Read More »
Stanbic Holdings has recorded a 34.6 % rise in earnings through the first six months of the year, posting a profit of Kes.3.5 billion from Kes.2.6 billion recorded last year. The lender attributed the performance to improved operating income and lower costs. Stanbic Holdings recorded a decline in deposits from other banks and customers to Kes …
Stanbic Posts 34.6% Growth in Half Year Profit to Kes 3.5 Billion Read More »
CIC Insurance has reported a Kes 260 million net profit for the half-year period that ended on 30th June 2021, a reversal from a net loss of Kes 335.5 million reported during the same period in 2020. The improvement was attributed to the improved performance in the underwriting business and higher investment income. The company’s …
CIC Insurance Records Kes 259 million profit in HY2021 Read More »
Reinsurance company Kenya Re posted a 66% decline in half-year profit for the period that ended on 30th June 2021 despite a 6% growth in gross written premiums. The company’s annual net profit dropped to Kes533.7 million on 30th June this year, from Kes1.57 billion in June last year, as claims and benefits, and other expenses …
Kenya Re’s Half-Year Profit Drops by 66% to Kes 533.7 Million Read More »
Sameer Africa’s half-year net profit for the period that ended on 30th June jumped to KSh154 million from a net loss of KSh59 million in the same period in 2020. The company’s primary business is the importation and sale of tyres. It re-entered the tyre business in Kenya in February this year after a nine-month …
Sameer Africa Reports KSh154 Million Half-Year Profit Read More »
Home Afrika Group reported a 62% decrease in Loss After Tax of Kes 340.3 Million for the period ended 31st December in 2020, down from a Net Loss of Kes Kes 888.8 Million in 2019. The Group reported a 1,3445 increase in its gross profit for the year ending 31st December 2020 compared to the …
Home Afrika Cuts Net Losses by 62% to Kes 340.3 Million Read More »
East African Breweries Limited (EABL) has posted a profit after tax of Kes 6.96 billion for the period ended 30th June 2021, a 1% drop compared to the Kes 7.02 Billion recorded last year. The group highlighted the tough operating environment caused by the prevailing COVID-19 pandemic in East Africa that has seen countries put …
EABL Reports a 1% Drop in Profit to Kes 6.96 Billion, Citing Tough Operating Environment Read More »
Coffee farm Eaagads Limited has reported a profit before tax of Kes 4.7 million during the financial period ended 31st March 2021 compared to the loss before tax of Kes 77 million recorded during the previous financial year. The company attributed the performance to increased production as they reported they produced 233 tonnes of coffee …
Eaagads Limited Records Profit of Kes 4.7 million in Q12021 Read More »
ILAM Fahari I-Reit, a real estate investment trust, has posted a net profit of Kes 42.2 million in the half-year period that ended on 30th June 2021, a 51% decline from the Kes 86 million reported in the same period last year. The company attributed the decline to the steep drop to a loss of …
ILAM Fahari I-Reit Records a 51% Decline in Profits in H12021 Read More »
Unga Group PLC is set to exit the baking business for the second time with the sale of Ennsvalley Bakery to a logistics company as a move to cut costs and improve efficiency, just a decade after it acquired it. The Nairobi Exchange-listed company had in the 1990s sold its stake at Elliots Bakery and …
Unga Group to Sell Ennsvalley Bakery to BigCold Kenya in Move to Cut Cost Read More »
Centum Investment, the giant investment company, has reported a Kes1.37 billion full-year net loss for the period that ended on 31st March 2021, compared to a net profit of Kes 4.6 billion in March 2020. The investment company attributed the loss to the adverse effects of COVID-19. Centum posted a Kes 875 million profit from …
Centum Post a Kes 1.37 Billion Net Loss in Q12021 Read More »
BAT Kenya Plc has declared an interim dividend of Kes 3.50 per ordinary share to be paid on 16th September 2021.
State-run Ethio Telecom, which invited private investors to buy a stake in it over the past few months, reported an 18.4% rise in full-year revenue to end-June to 56.5 billion birrs ($1.29 billion). The CEO Frehiwot Tamiru said the company recorded a 22% jump in subscribers to 56.2 million. Additionally, 6.58 million customers had signed …
Ethio Telecom Reports 18.4% Rise in Full-year Revenue Read More »
Centum Real Estate Limited has posted a 72% decline in profit after tax for the period ended 31st March 2021 to Kes 650 million from Kes 2.30 billion recorded during the same period in 2020. Despite the decline, the real estate company attributed the profits to income from residential units, sales of bulk land and …
Centum Real Estate Records a 72% Decline in Profits to Kes 650 Million Read More »
Kapchorua Tea Kenya has announced it will pay a first and final dividend of Kes 10 per share despite posting a 63% decline in profits for the period ended 31st March 2021. The Nairobi securities exchange-listed company posted a profit of Kes 7.07 million as compared to Kes 19.44 million that was recorded during a …
Kapchorua Tea Company Declares a Divided of Kes 10 Per Share For the FY 2020/1 Read More »
Dubai-based Emirates airline on Tuesday posted a $5.5 billion annual loss, its first in more than three decades after the coronavirus pandemic devastated the aviation industry. The carrier, which had made a $288m profit in the previous financial year, said annual revenue fell 66 % to $8.4bn to the end of March as capacity declined …
Crown Paints Plc has reported a profit of Kes 599 million for the period ended 31st December 2020, an 85 % growth from the Kes 323 Million reported during the same period in 2019. The group attributed the growth to the third and the fourth quarter of the year, which the group said they saw …
Crown Paints Plc Reports Profit of Kes 559 Million During FY2020 Read More »
Kenya Reinsurance Corporation (Kenya Re) has recorded a 5% decline in profits before tax to Kes 3.98 billion during the financial year ended 31st December 2020 compared to the Kes 4.18 billion recorded during the same period in 2019. Profit after tax in the company stood at Kes 2.80 billion, a 26% decline compared to …
Kenya Reinsurance Posts 26% Decline in After Tax Profits to Kes 2.80 Billion For FY2020 Read More »
Family Bank Group has posted a Kes 728.8 million Profit Before Tax for the first quarter of 2021, a 71.3% increase in earnings compared to the Kes 425.6 million reported during the same period in 2020. The bank’s net interest income rose by 27.2% to KES 1.8 billion in the period ended 31st March 2021. …
Family Bank Records Kes 728.8 Million Profit in Q12021 Read More »
TPS Eastern Africa, the company that owns and operates Serena Hotels, has reported a net loss of Kes1.2 billion for the year 2020, its biggest loss ever, after a tough operating year in the hospitality industry. The Kes1.2 billion net loss is a big shift from Kes181.7 million profit after tax posted in December 2019. Unlike …
Serena Hotels Posts Biggest Net Loss Ever of Kes 1.2 Billion After Tough Year Read More »
KCB Group Plc has posted a net profit of Kes.6.4 billion in the first quarter of 2021 ending March, a 1.8 % increase from the Kes 6.3 billion that was posted in Q1 2020, shaking off the effects of the COVID-19 Pandemic. Net interest income in the group grew by 11% to close the quarter …
KCB Group Posts Kes.6.4 Billion Net Earnings in Q1 2021 Read More »
Equity Group Holdings Plc has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic disruption, and humanitarian challenges, giving hope of resilience and recovery. The Group posted a 64% growth in after-tax earnings at Kes 8.724 Billion from the Kes 5.32 Billion posted during the same period …
Equity Posts 64% Growth in Profit After Tax at Kes 8.7 Billion for 1Q2021 Read More »
NCBA Group PLC has recorded a profit after tax of Kes 2.84 billion for the quarter ending March 31, 2021. This was an increase of 74% compared to Kes 1.6 billion that the Group posted during a similar period in 2020. In Q1 2021, total assets increased to Kes 542 billion, representing a strong growth …
NCBA Group Reports Kes 2.84 Billion Profit for Q12021. Read More »
Standard Chartered Bank Kenya has reported a 19% growth in net profit in the first three months to March 31 2021. The lender posted an improvement in net profit of Kes 2.39 billion at the end of March 2021, compared to a net profit of Kes 2.01 billion posted during the same period in 2020. …
Standard Chartered Records a 19% Growth in Net Profit in Q12021 Read More »
Absa Group unaudited Net Profit for the first quarter ended March 31st 2021 rose to Kes 2.4 Billion compared to Kes 1.96 Billion in Q1, 2020, an increase of 28%. The lender’s balance sheet size grew to Kes 384.1 Billion in Q1, 2021 compared to Kes 381.5 Billion, while customer deposits were up from Kes 238.7 …
Absa Posts 28% Growth in Net Earnings at Kes 2.4 Billion Read More »
Transcentury Plc, a listed firm in the Nairobi Securities Exchange, has reported a Kes1.4 billion net loss for the half-year period that ended on 30th June 2020 compared to a net profit of Kes 297 million posted in the same period in 2019. The drop was attributed to the effects of the COVID-19 pandemic, which …
Transcentury Plc Records a Loss of Kes 1.4 Billion for H12020 Read More »
Safaricom’s board has proposed a final dividend per share (DPS) of Kes 0.92 amounting to Kes 36.86 billion for approval at the next Annual General Meeting (AGM).”
Sasini Plc a listed firm in the Nairobi Securities Exchange, has reported a notable rise in the six months period ended 31st March 2021. The group recorded a profit before tax of Kes 191.86 Million an improvement from the loss of Kes 10.14 million that was recorded during the same period last year. Sasini Plc …
Homeboyz instituted some cost-cutting measures which resulted in a 49% drop in direct costs and a 63% drop in administrative expenses.
Britam Holdings Plc has reported a net loss of Kes 9.1 billion for the financial period ended 31st December 2020, a 62% loss compared to the Kes 3.5 billion that was reported during the same period in the previous year. The group attributed the loss to the poor returns from investments in its associate Housing …
Britam Records a Net Loss of Kes 9.1 Billion for FY2020 Read More »
The value of NMG’s total assets decreased to Kes11.82 billion at the end of 2020 from Kes12.1 billion at the end of 2019. Its total liabilities also fell to Kes3.89 billion from Kes 4.3 billion the previous year.
Bamburi Cement has posted a profit after tax of Kes 1.12 Billion the financial period ended 31st December 2021, a 212% growth in revenue from the Kes 359 million that was posted during the same period in 2019. Group Revenue in the company declined by 5% to Kes 34.88 billion during the financial period ended …
Bamburi Cement Post kes 1.12 Billion Profit for FY2020 Read More »
BOC Kenya, which produces and distributes industrial and medical gases throughout the East African region, has posted impressive results for the year that ended in December 2020. The firm’s net profit rose by 82% to Kes 101.7 million at the end of 2020 from Kes 55.9 million at the end of 2019 as the demand …
BOC Posts 82% Jump in Net Profit as Demand for Medical Gas Rises Read More »
Liberty Kenya, a subsidiary of South Africa based Liberty Holdings, has posted a 2% decline in profit after tax to Kes 676 million during the financial period ended 31st December 2020 from Kes 690 million recorded in the group 2019. The group’s assets increased by 3% to Kes 39.30 billion during the financial period ended …
Liberty Kenya Post a 2% Decline in Profits to Kes 676 Million in FY2020 Read More »
Jubilee Holdings Limited, East Africa’s largest insurance group, has posted a profit before tax of Kes. 5.08 billion for the financial period ended 31st December 2020, a 1.4% increase compared to the same period in 2019. The group attributed the profit to the confidence placed in the Group by their clients, continued focus on sound …
Jubilee Holdings Post a Profit Before Tax of Kes 5.08 Billion for FY2020. Read More »
Sameer Africa Plc has reported a Kes 43 million net profit during the financial year ended 30th December 2020, a remarkable improvement from the Kes 1.1 billion net loss posted during the same period December 2019. The tyre manufacturer recorded a decline in revenue by 57% to Kes 757 million during the financial ended 30th …
Sameer Africa Post Kes 43 Million Profit for FY2020. Read More »
Family bank has posted an 18% rise in the profit after tax to Kes 1.2 billion during the financial year ended 30th December 2020, from Kes 949,836 million recorded during the same period last year. The rise in profit resulted from a rise in taxes deferred by the group as a result of the measures …
Family Bank Posts a 18% Jump in Profit After Tax to Kes 1.2 Billion. Read More »
The mortgage finance bank HF Group reported a Kes 1.7 billion net loss for 2020, from Kes 110 million net loss in 2019. The bank’s net interest income fell 7.5% to Kes 1.87 billion at the end of the year, from Kes2.02 billion in 2019. Non-interest income dipped 62% to Kes 512 million from Kes1.35 billion recorded …
Eveready E. A Plc has reported a loss before tax of Kes.50 million for the financial period ended 30th September 2020, a 53% improvement compared to a loss of Kes.107 million posted during the same period in 2019. “Covid-19 was unforeseen and muted our growth in FY2020. This had an unprecedented impact on our financial …
Eveready E. A Plc Records a Loss of Kes 50 Million Read More »
NCBA’s full-year net profit for the year 2020 nosedived by 42% to Kes4.6 billion as the bank ramped up its provisions for loan losses. The tier-one lender put aside Kes 20.4 billion to cover expected loan losses caused by the loan relief introduced by the government as a method to cushion the economy from the …
Equity Group Plc registered a 51% growth in its balance sheet with total assets growing to Kes 1.015 billion during the financial year ended 30 December 2020, up from Kes 674 billion posted during the same period in 2019. The growth was achieved through both organic and merger with the acquisition strategies seeing the group …
Equity Group Post a 51% Balance Sheet Growth During FY2020. Read More »
Sanlam Kenya Plc has posted a Kes 43 million pretax profit in its just-released full-year 2020 trading results, a 92% decline against the Kes 550 million in 2019 primarily attributed to the Covid-19 pandemic impact on the local and international economies. Speaking when the firm’s approved and released the results, the Group Chairman Dr. John …
Sanlam Kenya Posts Kes 78 Million Loss for FY2020 Read More »
Diamond Trust Bank’s (DTB) net profit for the year that ended on 31st December 2020 dipped by 51% to Kes3.5 billion, from Kes7.3 billion in 2019. According to the lender, higher loan loss provisions due to the elevated credit risk led to the steep decline in the full-year net profit. Diamond Trust Bank (DTB) total …
Diamond Trust Bank Posts 51% Drop in Earnings at Kes 3.5 Billion Read More »
Standard Chartered Bank Kenya has posted a 34% decline in its full-year net profit for the year that ended on 31st December 2020. The bank’s net profit dropped to KSh 5.44 billion at the end of 2020 from KSh8.24 billion in 2019 as revenue fell and loan loss provisions shot up. “We delivered a resilient …
Standard Chartered’s Profit Falls 34% as Loan Loss Provisions Soar. Read More »
Absa Bank Kenya PLC posted a normalised profit after tax for the period ended December 2020 of Kes 6.5 billion a 23% decline compared to the period in 2019. The group attributed the decline to pandemic related provisions. The normalised financial performance excludes an exceptional cost of Kes 3.2 billion which went towards the recently …
Absa Bank Kenya Posts Normalised Net Profit of Kes 6.5 Billion for Full Year 2020 Read More »
Umeme Limited, the largest electricity distributor in Uganda, has recorded a sharp decline in net profit after a challenging financial year. The firm’s net profit fell to USh 43.1 billion ($11.8 million) at the end of December 2020 from USh139.1 billion ($38 million) at the end of December 2019. Revenue from electricity sales and connections …
Umeme’s Net Profit Drops by 69% to $11.8 Million Read More »
Kakuzi Plc, a Kenyan agricultural listed at both the Nairobi Securities Exchange(NSE) and the London Stock Exchange, has reported a 13% decline in net profit to Kes 622 Million at the close of the period ended 31st December 2020. This is compared to a net profit of Kes 713.4 the previous year. “The pandemic created …
Kakuzi Net Earnings Drop 13% to Kes 622 Million, ups Dividends Read More »
The Co-operative Bank of Kenya Group 2020 full year net profit declined by 23.8% to stand at Kes. 10.9 billion from Kes. 14.3 billion recorded in 2019. Co-op Bank Group Chief Executive Officer Dr Gideon Muriuki attributes the profit decline to higher loan loss provisions related to COVID-19 and currency devaluation losses from its South …
Co-Op Banks Posts 24.5% Decline in Net Profits for FY2020 Read More »
KCB Group Plc has posted a net profit of Kes.19.6 billion for the financial year ended 31st December 2020. This was a 22% decline from the Kes 25.2 billion recorded during the same period in 2019 as higher provisions for loan losses and subdued economic activity associated with the COVID-19 pandemic hit business performance. The …
KCB Group Posts 22% Decline in Earnings for FY2020 to Kes.19.6B Read More »
Rolls Royce remained optimistic that it would start to generate cash in the second half of 2021, indicating that it was keenly looking ahead to a better future.
The Kenya Power and Lighting Company ( KPLC) has recorded a loss after tax of Kes.0.94 billion compared to a profit of Kes 0.26 billion in 2019. This was despite a tax credit of Kes 6.1 billion issued by the government. The tax credit was largely due to a decrease in resident corporate income tax …
Kenya Power Records Kes 0.94 Billion Loss for FY2020 Read More »
Stanbic Holdings Plc net profit for the year that ended on December 31, 2020, dropped by 19% to Kes 5.2 billion from Kes 6.4 billion at the end of 2019. The firm’s total income, comprised of interest and non-interest income, decreased by Kes1.5 billion at the end of 2020, to Kes 23.2 billion from Kes …
Stanbic Holdings Net Profit Down 19% to Kes 5.2 Billion Read More »
Kengen Plc, the leading electric power generation company in Kenya, recorded a decline in total revenue by 3% from Kes 22.36 billion in 31st December 2019 to Kes 21.80 billion for the period ended 31st December 2020. The decline was attributed to reduced fuel revenue charge following the displacement of thermal generation. Revenue from geothermal operations continued on …
Kengen Plc Records 3% Decline in Total Revenue for H1 2020 Read More »
Unga Group says wheat prices have rallied to levels not seen in past decade due to some major exporting economies imposing fiscal measures.
Kenya power net profit for the six months period that ended on December 31, 2020, decreased to Kes138 million from Kes692 million a year earlier.
Increased demand for medical gases drove up Carbacid’s six months revenue to Kes 449.7 million, a 27% improvement.
Listed publishing firm, Longhorn has posted a Kes145.33 million net loss in the half-year period ended December 31, 2020, down from Kes 68.97 million net profit the company posted over the same period in 2019. However, the half-year loss narrowed by 51% from Kes 294.84 million net loss posted at the end of June 30, …
Longhorn Publishers Post Kes 145 Million Half-Year Loss Read More »
Tobacco manufacturer British American Tobacco (BAT) demonstrated resilience amidst the COVID-19 pandemic posting a 42% rise in the profit after tax during the financial year ended 31st December 2020. BAT recorded a profit after tax of Kes 5.5 billion a Kes 1.6 billion rise from the Kes 3.89 billion that was recorded during the same …
BAT Kenya Plc Post 42% Rise in Net Profit for Financial Year 2020 Read More »
Leading power producer, Kenya Electricity Generating Company PLC (KenGen) has paid the National Government Kes 1,153,856,022 in dividends for the financial year ended June 2019. The National Treasury & Planning Cabinet Secretary, Amb. Ukur Yatani congratulated the company’s positive performance adding that as the Government, they were proud to be associated with the company. The …
KenGen Pays Kes 1.15 Billion in Dividends to Treasury Read More »
