Eveready Profits Dim: Reports 124 million loss
Eveready East Africa Limited has reported its annual financial results for the year ended 30th September 2011. The battery maker has announced a loss of Kshs. 123,994,000, down Kshs. 132,697,000 from the previous period’s Kshs. 8,703,000 profit. This represents a 1524.7% drop in the profitability of the listed company.
NSE best performing stock exchange in Africa
According to investinginafrica.net, the Nairobi Securities Exchange is the best performing stock exchange in Africa based on the return an investor would receive having invested in the exchange at the beginning of the year (2012) and holding the investment to date, the year to date return. This analysis was…
Ringera committee to commence hearing on CMC probe
Capital markets regulator Capital Markets Authority (CMA) has appointed an adhoc committee to hear the sides of those named in a forensic investigation report on giant car dealer CMC Motors Group. The report by Webber Wentzel (South Africa) accuses current and previous directors of fraud,…
The Closing Bell – 2/4/2012
Gainers Price (Ksh) Change (%) Standard Group Ltd 23.00 9.52 Express Ltd 4.40 6.02 Eveready East Africa Ltd 1.55 3.33 TPS Eastern Africa Serena 47.50 3.26 Kakuzi 79.50 2.58 Losers Price (Ksh) Change (%) City Trust Ltd 225.00 9.64 Olympia Capital Holdings Ltd 3.15 5.97 BOC Kenya Ltd 115.00…
Kakuzi Profits Increase By 66%
Kakuzi Limited has announced its annual financial results for the year ended December 31st December 2011. The company’s sales increased from Kshs. 2,113,774,000 to Kshs. 2,376,862,000 in the period representing a 12.45% jump in sales. The company’s total assets increased a substantial 22.27% from Kshs. 2,834,912,000 in the 2010…
Kenya Airways Rights Take Off
National carrier Kenya Airways on Friday announced that it had entered an agreement with the International Finance Corporation (IFC) in which the IFC will buy shares and loan out money to the airline to the tune of Kshs. 8.7 billion ($105 million). KQ chief executive, Mr. Titus Naikuni,…
KQ rights issue off to a promising start.
Today the Kenya Airways rights issue opened. The rights issue is such that each shareholder has the opportunity to purchase 16 new shares for every 5 shares they currently own at Ksh 14 per share. The World Bank ‘s private sector lending arm the International Finance Corporation (IFC) has committed…
CLOSING BELL 30/3/2012
Gainers Price Change Pan Africa Insurance Holdings 24.75 7.61% Sasini Limited 11.05 2.79% Express Limited 4.15 2.47% Standard Chartered Bank Limited 174.00 1.75% Scangroup Limited 50.50 1.51% Losers Price Change Standard Group Limited 21.00 8.70% Total Kenya Limited 14.05 4.10% Jubilee Holdings Limited 178.00 3.26% Eveready…
Kenya Airways Rights Issue Taking Off
In a research note sent out on Thursday by Dyer and Blair Investment Bank, Kenya Airways say that they have received commitments for 70% of the shares on offer in its on-going rights issue. Majority shareholders Dutch airline KLM (26%) and the Government of Kenya (23%) had…
Family Bank to list on the NSE
image from www.familybank.co.ke Family Bank is seeking to list at the Nairobi Securities Exchange. The bank started as Family Finance Building Society in 1984 with the vision to serve the needs of the mass market which had been ignored by the mainstream banks. Over the years it…
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