Equity Bank has reported a profit after tax of KES 2,322,787,000 for the first quarter of 2012. This is KES 5.871 billion less than they reported for a similar period last year. Loans and advances rose by 30% to KES 112,853,305,000 as compared to the loans advanced during the same…

NIC Bank Group has announced a 38 per cent increase in profit after tax for the first quarter of 2012, to hit Sh723 million. Managing director James Macharia attributes the increase in profit to growth in loan advances and an increase in non-funded income. Over a…

A look at the stocks to watch in the day's trading

The highly publicised and anticipated Kenya Airways rights issued closes today. The issue opened on 2nd April 2012, ran for 3 weeks and closes today. A rights issue is an issue of additional shares by a company to raise additional capital. The current shareholders (prior to the rights issue) are…

Gainers Price (KES) Change (%) Car &General Limited Kenya 29.00 6.42% NIC Bank Limited 30.25 3.42% Eveready East Africa Limited 1.65 3.13% TPS Eastern Africa (Serena) Limited 46.00 2.22% Total Kenya Limited 16.10 1.90% Losers Price Change CFC Stanbic Holdings Limited 41.25 4.62% Olympia Capital Holdings Limited 3.50 4.11% KenGen…

Crown Berger Kenya Limited has released its financial results for the year ended 31st December 2011. The firm, a recipient of ISO 9001: 2008 certification and a Superbrand status holder reported a 41.11% increase in net profits for the year ended 31st December 2011. Sales…

Housing Finance has released its unaudited financial results for the first quarter of 2012 (January-March) and has reported an 11.4% increase in profits after tax over the same period last year. The company’s loans and advances to customers have increased 39% from KES 20.36 billion as of 31st March…

Gainers Price (KES) Change (%) Kenya Reinsurance Corporation 9.30 16.25 CFC Stanbic Holdings 43.50 6.10 KenGen Limited 8.95 5.92 Trans-Century Limited 24.75 5.32 Olympia Capital Holdings Limited 3.65 4.29 Losers Price (KES) Change (%) Mumias Sugar Company 5.70 9.52 Standard Group Limited 22.50 4.26 Rea Vipingo Plantations Limited 15.25 1.61…

BAT shareholders are about to get paaaaaaaiiid. A dividend of 27 bob per share is to be paid out on Thursday.

The NSE 20-share closed last week at 3,571.20 points, 16.74 points up from Friday’s. The NSE all-share index closed at 77.20 points, up 0.48 points. These gains follow the trend set last week where both indices consistently gained over the entire course of the week. The shares to watch today…