Earnings Update

KCB Group CEO Oigara

KCB GROUP PLC POSTS KSHS.34.2B IN FULL-YEAR 2021 PROFIT AFTER TAX

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 »

BK Group Plc

Bank of Kigali (BK Group) Records a 33% Increase in Net Income to Kes 4.1 Billion

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 »

Kengen

KenGen Reports a 7% Rise in Pre-Tax Profit to 14.8 Billion in its Full Year 2021

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 »

BOC Gases

BOC Appoints Joseph Ramashala as Non-Executive Director

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 »

WPP Scangroup

WPP Scangroup Reports a Loss of Kes 1.732 Billion During the Financial Year 2020.

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 building

Britam Holdings Posts a Profit of Kes 376.3 million in 1H2021 Following NSE Rally

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 »

Standard Group Buliding

Standard Group Posts a Revenue of Kes 1.6 Billion in 1H2021

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

Jubilee Holdings Posts a 150% Rise in Profit to Kes 4.5 Billion, Following Allianz Acquisition

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 …

Jubilee Holdings Posts a 150% Rise in Profit to Kes 4.5 Billion, Following Allianz Acquisition Read More »

StanChart

StanChart Posts a 50% Rise in Profits to Kes 4.8 Billion in 1H2021

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 »

Co-op bank kenya

Co-operative Bank Posts Kes 7.4 Billion Net Profit in Half Year Earnings

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 CEO Dr James Mwangi

Equity Group Holdings Records 98% Growth in Profit to Kes 17.9 Billion in H12021

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 »

Stanbic Posts 34.6% Growth in Half Year Profit to Kes 3.5 Billion

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 »

EABL Reports a 1% Drop in Profit to Kes 6.96 Billion, Citing Tough Operating Environment

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 »

kapchorua Tea

Kapchorua Tea Company Declares a Divided of Kes 10 Per Share For the FY 2020/1

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 »

Kenya reinsurance

Kenya Reinsurance Posts 26% Decline in After Tax Profits to Kes 2.80 Billion For FY2020

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 »

TPS Eastern Africa Serena

Serena Hotels Posts Biggest Net Loss Ever of Kes 1.2 Billion After Tough Year

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 »

Equity Group CEO Dr James Mwangi

Equity Posts 64% Growth in Profit After Tax at Kes 8.7 Billion for 1Q2021

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 »

kapchorua Tea

Sasini Records a HY Profit of Kes 191.86 Before Tax for the Period ended 31st March 2021.

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 …

Sasini Records a HY Profit of Kes 191.86 Before Tax for the Period ended 31st March 2021. Read More »

Jubilee holdings

Jubilee Holdings Post a Profit Before Tax of Kes 5.08 Billion for FY2020.

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 »

Absa

Absa Bank Kenya Posts Normalised Net Profit of Kes 6.5 Billion for Full Year 2020

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 »

Kengen MD Rebecca Miani

Kengen Plc Records 3% Decline in Total Revenue for H1 2020

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 »

Kengen Plc

KenGen Pays Kes 1.15 Billion in Dividends to Treasury

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 »