Closing Bell: East African Portland Cement Company Top Gainer as Uchumi Supermarket Limited Declines
East African Portland Cement Company Top Gainer as Uchumi Supermarket Limited Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 9.64% to close at KES 45.50 which was a KES 4.00 gain in share price. Uchumi Supermarket Limited (UCHM) was the top loser…
Uchumi battles to recover Sh2bn from landlords
Uchumi battles to recover Sh2bn from landlords Uchumi had committed to open more than 20 outlets in Kenya in the mid-term and had reserved space in malls such as Centum-owned Two Rivers, Sarit Centre, Lake Basin Mall in Kisumu and Kenyatta University’s Unicity. The payments now…
NBK net income more than doubles
NBK net income more than doubles The National Bank of Kenya has announced a more than double growth in net earnings for the nine months to September to Sh2.3 billion from Sh1 billion the same period last year. The group’s total interest income of rose to Sh9.75 billion…
Closing Bell:East African Portland Cement Company Top Gainer as Atlas Development and Support Services Ltd Declines
East African Portland Cement Company Top Gainer as Atlas Development and Support Services Ltd Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 10% to close at KES 44.00 which was a KES 4.00 gain in share price. Atlas Development and Support Services…
National Bank of Kenya 2015 Q3 Results
National Bank’s profit for the 9 months ended September 2015, increased by 120.59% to KES 2.25 billion compared to KES 1.02 reported in Q3 2014. Interest income increased by 27.80% to KES 9.75 billion compared to KES 7.63 billion reported in Q3 2014. Pretax profit increased by 79.89% to KES…
Crown Paints’ Sh400m Kisumu plant set for January launch
Crown Paints’ Sh400m Kisumu plant set for January launch Crown Paints will open a Sh400 million plant in Kisumu in January to cut costs and capture a larger share of the growing real estate market in the western region. The company is seeking to increase its…
Ex-workers sue Uchumi for Uganda exit
Ex-workers sue Uchumi for Uganda exit Former employees of Uchumi Supermarket have sued the retail chain for not informing them prior to closure of its Ugandan branches and exiting the country without remitting their salaries. Former employees say Uchumi Supermarket duped them and closed shop without…
Closing Bell: Total Kenya Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Total Kenya Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Total Kenya Ltd (TOTL) was the top gainer of the day. It gained 9.22% to close at KES 18.95 which was a KES 1.60 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
Standard Chartered Bank 2015 Q3 Results
Standard Chartered Bank’s profit for the 9 months ended September 2015, dropped by 24.30% to KES 6.23 billion compared to KES 8.22 billion reported in Q3 2014. Interest income rose by 0.91% to KES 16.63 billion compared to KES 16.48 billion reported in Q3 2014. Pretax profit dropped by 20.14%…
NIC Bank 2015 Q3 Results
NIC Bank’s 2015 profit for the 9 months ended September 2015, increased by 15.97% to KES 155.58 billion compared to KES 134.16 billion reported in Q3 2014. Interest Income increased by 19.70% to KES 12.09 billion compared to KES 10.10 billion reported in Q3 2014.
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