Safaricom's Profits: 3rd Year in a Row That Profits Are Dropping
For the third consecutive year Safaricom's net profits have dropped. While that is not a very enouraging statistic, not all is sad and gloomy at Safaricom House. Things are pretty good in fact.
Closing Bell – 10 May 2012
Gainers Price (KES) Change (%) Unga Group 12.10 10.00 Marshalls E.A Limited 13.50 7.14 Uchumi Supermarkets Limited 15.50 3.33 Standard Group Limited 24.00 3.23 Eveready East Africa 1.65 3.13 Losers Price (KES) Change (%) AccessKenya Group 4.35 9.38 Total Kenya Limited 14.60 2.67 Equity Bank 20.00 2.44 Standard Chartered Bank…
Are You Keeping Track Of Your Credit Score?
We all dream of owning a house, a car or even start our own company; all these require a strong financial base which our current financial status might not support. Banks and other credit lending institutions have come in to help us realize these dreams but recent events…
Results of Yesterday's CBK Auction
Yesterday the Central Bank of Kenya (CBK) auctioned 182 day and 364 day Treasury bills worth KES 4 billion. For the shorter dated bill the bank received 145 bids amounting to KES 4.6 billion which represents a subscription of 232%. For the one year bill, the bank received 126 bids…
The Safaricom's 2011/2012 Results
Safaricom's 2011/2012 Profits - It's Going Down.
Profits dropped 4% to KES 12.63 billion.
The firm spent 26 billion in capital expenditures, the same they spent on operating expenditures like advertising.
Forex Trail – 10 May 2012
The Kenya Shilling lost some ground against the US $ yesterday. It however recorded gains against the Euro, the SA Rand and the Queen's currency.
Stocks Watch – 10 May 2012
As at the close of trading at the NSE yesterday, the NSE 20 share index was down by a very marginal 13.25 points compared to Tuesday, closing at 3,585.93 points up from Tuesday’s 3,599.18. The NSE all-share index maintained its previous position t close at 78.09. The NSE…
National Bank's Day at the NSE
A look at the day National Bank ahs had at the NSE today.
Kenya Re's Exceptional Performance
On the 23rd of April Kenya Re-insurance Corporation released its financial results for the period ended 31st December 2011. It reported a 24% increase in its profits from KES 1.66 billion to KES 2.036 billion. In light of this, the board of directors recommended a dividend payment of 35cents per…
Closing Bell – 9 May 2012
A snippet of the goings-on at the NSE today.
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