Shareholders’ funds which were at Kes 31.9 billion in the period ending 31st December 2019, also increased by 3% as at the period ending 30th June 2020, to Kes 33.1…
East African Breweries Limited (EABL) recorded a 9% decline in net sales for the financial year ended 30 June 2020, as first half growth of 10% was offset by a…
Pan African housing development financier, Shelter Afrique signalled a full recovery as it reported its 2019 earnings Tuesday. The Company reduced its operating loss to KSh 59 million (USD 0.59M) in…
The Group is pursuing a sales-led development model and is currently constructing 1,442 residential units across its three mixed-use developments
Going forward, the company has adopted various measures to mitigate its impact to the business and also continues to focus on achieving profitable growth.
The directors of the company have not issued a dividend recommendation for the period ending 31st Dec 2019.
The company’s balance sheet remained on an expansionary curve with net loans and advances to customers hitting Kes.203 billion while customer deposits rose by 6.6 percent in the period to…
The Group increased its loan loss provision tenfold to Kshs. 3 billion from Kshs. 300 million the previous year leading to a decline of profit after tax by 14% from…
Cargo tonnage increased from 64,238 tons to 68,264 tons, representing a 6.3 percent growth. Operating costs surged 12.4 percent to Kes 129.1 billion from Kes114.8 billion.
Total non-interest income grew to Kes4.9 billion from Kes4.1 billion while total operating income grew to Kes12.5 billion from Kes11.1 billion whilethe gross Non Performing Loans (NPLs/bad loans) stood at…