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…
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…
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…
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…
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…
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…
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…
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…
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 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…
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…
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…
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…
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…
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,…
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…
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…
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…
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 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…
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…
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…
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…
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…
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…
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…
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…
East African Breweries Limited (EABL) recorded a 3% decline in net sales to Kes 44.5 billion for the half-year ended December 2020 compared to the same period in 2019. This, however,…
Listed power producer, Kengen Plc, has reported net revenue amounting to Kes. 39.82 million for the financial period ended 30th June 2020, which is 11.3% higher than the Kes.35.7 million…
Family Bank also signed a partnership with Performeter Agribusiness Limited setting aside Sh1 billion to fund fodder production for dairy farmers in cooperatives.
The dim performance is attributed to an increase in loan loss provisions which surged by 76% in what the lender says is sufficient to cover future potential credit losses.
The Group has not received any dividends from portfolio companies where the Group holds minority stakes in the six-month period ending 30 September 2020 as these portfolio companies have elected…
Carbacid Investment has announced a profit before tax of Kes 427 million for the year ended July 31, 2020, marking a 13 percent increase from the Kes 377 million posted…
The profit dip has however trimmed the bank’s earnings per share to Kes.11.13 from Kes.16.15 last year.
Cooperative Bank booked a 905 increase in loan loss provision from Kes. 2.1 billion in 2019 to Kes. 4 billion.
ABSA has painted a level of uncertainty in its outlook relating to the COVID-19 pandemic where it has highlighted that it is high and unprecedented, and its impact on markets and…
Equity’s asset base has expanded to Kes.933.9 billion with loans and advances to customers climbing by 30 per cent to Kes.453.9 billion.
Shareholders’ equity grew 12% from KShs. 121.2 billion to KShs. 135.9.1 billion. This was driven by the growth in earnings over the 12-month period to September 2020.
Ndegwa indicates the company remains in discussion with the Central Bank of Kenya (CBK) on the review of free cash transfers below Kes.1000 beyond December 312.
The board noted that the environment remains challenging due to the uncertainty of the COVID-19 related impacts as well as the extent and speed of the economic recovery post pandemic
The earnings per share in nation media group recorded a loss of kes 1.90 from a profit of kes 2.20 in the period under discussion.
East African Cables thus recorded a decrease in the overall expenses by 12% in the period ended 30th June 2020.
This led to a 58% decrease in revenue booked in six months period ending 30th June 2020
The company forecasts that the 2020 results will be significantly negatively impacted because of the projected suppressed air travel demand as it will remain at less than 50% of 2019…
Absa says it has restructured Kes.57 billion worth of customer loans representing 28 percent of its advances to customers as cushioning during the pandemic.
Bamburi Cement Plc has posted a 13% decline in activity for the first half of 2020 at Kes16.2billion which as compared to the Kes18.7 billion the company posted in a…
NCBA board has held back the declaration of an interim dividend for the period in line with its cash preservation stance.
The reduced profit was largely the result of increased provisions, reflecting the prudent approach adopted by DTB in the midst of the prevailing higher credit risk environment following the COVID-19…
The performance of Sanlam Kenya in the first six months is attributed to the economic hardship facing the country due to COVID-19 which has seen most companies’ record losses in…
Property revaluation also widened the losses of Kes 929 million due to the depressed property market which has been characterized by low occupancy levels and rental yields.
Despite the very wet conditions experienced in the first half of the year Kakuzi’s arable operations have done well.
The total operating income grew by 17.6 per cent to Sh 4.2 billion during this period compared to Sh 3.6 billion last year.
The Group increased its portfolio credit provision 15-fold from Kes. 500 million to Kes.7.7 billion increasing the Group’s NPL coverage from 64% to 73%.
Stanbic Bank will not pay out an interim dividend from its half year earnings with its earnings per share (EPS) having declined to Kes.6.46 from Kes.10.28 in a similar period…
The bank says a six percent growth in net loans and advances to Kes 272 billion and a 19 percent growth in customer deposits to Kes 384.6 billion during the…
KCB’s earning per share (EPS) has also dropped to Kes.4.72 in the period from Kes.8.30 last year, pushing the lender to halt payment of interim dividends to its shareholders this…
The company states that despite the depressed market prices which have continued to pose a risk to the business performance, the management of the firm will continue to focus on…
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…
The Group’s balance sheet remained strong, growing 31% from Kes725.7 billion to Kes.947.1 billion, well within range of the Kes.1 trillion target by the end of 2022. Customer deposits rose…
The Group’s fundamentals remained strong in the first quarter of the year with overall positive volume increases, ending the quarter with a total assets base at Kes509.6billion.
Stanbic Bank restructured KSh 2.3 billion of SME loans and saw SMEs get a three-month loan holiday. This was particularly impactful as SMEs have been hardest hit by the COVID-19…
Safaricom’s board has recommended a Kes.1.40 dividend pay out to shareholders up from Kes.1.25 last year from an earnings per share (EPS) of Kes.1.84.
Nation Media Group has announced a payment of a bonus dividend which will be issued on a ratio of 1 share for every 10 held by investors.
The international insurance business contributed 19 percent of the Group’s gross earned premium, thereby boosting profitably to the Group.
In 2018 year the lender had posted a loss of Kes598.2 million, even as it slowed its loans and advances to customers. Operating expenses dropped by Kes726 million or 17.1…
The net interest income grew by 16.3 per cent to KES. 5 Billion compared to KES. 4.3 Billion realized in the same period last year with income from loans and…
The Directors have recommended the payment of a first and final dividend for the year 2019 of Kes. 0.08 per ordinary share and will be paid within sixty (60) days…
The lender’s total operating income grew by 59 per cent to Ksh.33.7 billion from Ksh.21.2 billion posted in the previous year. The bank also realised a Ksh.4.1 billion windfall from…
The Bank costs were well managed at Kshs17.3 billion reflecting a 1% increase year on year largely because of spend discipline and cost saves initiatives. The cost saves initiatives included…
The Group continued to maintain an agile balance sheet with a liquidity of 52.1%, a loan deposit ratio of 75.9% and a core capital to risk weighted asset ratio of…
The Bank’s Chief Executive said it was too early to assess the impact of the coronavirus epidemic on its business. StanChart Kenya said that if the crisis extends beyond 90…
In a statement accompanying financial results, Co-op Bank Group MD Dr. Gideon Muriuki said the bank has continued to leverage on successful penetration banking services in the country while reviewing…