Limuru Tea Posts 11 Million Pre Tax Loss in HY 2020
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 volume growth,...
Kenya-Re Records Positive Growth HY2020 as Net Profit Earnings Rise to Kes 1.6 Billion
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 billion.
EABL Records Decline in FY2020 to 7Bn as COVID-19 Impacts Performance
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 29% decline...
Shelter Afrique Records Remarkable Growth in 2019
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 2019, down...
Centum Reports 79pc Growth in Profit After Tax for FY20, Declares Kes 1.20 Dividend
The Group is pursuing a sales-led development model and is currently constructing 1,442 residential units across its three mixed-use developments
Eveready’s Half Year Net Earnings Declines 30% on Covid-19
Going forward, the company has adopted various measures to mitigate its impact to the business and also continues to focus on achieving profitable growth.
Home Afrika Loss Widens to 887 Million as Hopes For Recovery Dims
The directors of the company have not issued a dividend recommendation for the period ending 31st Dec 2019.
Absa Quarterly Profit Rise to Kes. 2 Billion
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 Kes.238.7 billion
Equity Bank Registers 14% Decline in Net Earnings in Q12020
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 Kshs. 6.2...
Kenya Airways Loss Widens 71% to Kes 12.9 Billion
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.
Co-op Bank’s Profit After Tax Flat at Kes 3.6 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 Kes31.8 billion...
KCB Group Plc Posts 8% Growth in Q1 Net Earnings to Kes 6.3B
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 34% to...
NCBA Q12020 Pre-Tax Profit at Kes.2.4 Billion.
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 increases Deposits, Expands loan book to Kes 161 billion in Quarter 1
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 crisis putting...
Safaricom Profit Up 19.5% to Kes 74.7 billion backed by M-Pesa, Data Growth
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 reports 20.7% decline in Profits for FY 2019
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.
Britam back to Profitability with Pre-Tax Profit of Kes 4.6 Billion
The international insurance business contributed 19 percent of the Group’s gross earned premium, thereby boosting profitably to the Group.
HF Group cuts loss by 82 pc to 110 Million
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 percent to...
Family Bank Registers a 227% Earnings Growth To KES. 1.42 Billion
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 government securities...
NSE Reports a Net Loss of 58% on reduced trading activity in 2019
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 of the...
NCBA Net Profit Up at 7.8 Billion, Dividend at Kes 1.75
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 a bargain...
Absa FY 2019 Normalized Profit after tax up 15% to Kes 8.5 billion
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 automation of...
Equity Group Net Earnings Up 14% to Kes 22.6 Billion, Dividend Increased 25pc
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 19.8%. The...
Stanchart Records Pre-Tax Profit of Kes 12.2 Billion, Dividend Up 5%
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 days, its...
Co-operative Bank Net Earnings Up 12.5% FY 2019, Dividend Unchanged
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 opportunities to...
