Jubilee Announces Results: Net Profits Increase By 4%
Jubilee Holdings Limited has released its audited financial results for the year ended 31st December 2011. Shareholders will be happy to hear that the company posted growth on almost all fronts with net insurance premium and revenue increasing from Kshs. 5,360,136,000 in the previous period to Kshs. 7,341,996,000 representing growth…
ScanGroup to expand further into Sub-Saharan Africa
According to the Business Daily, marketing services firm ScanGroup has planned acquisitions in Nigeria, Angola and Mozambique by year-end as it seeks to serve multinational clients in diverse markets. The company intends to buy controlling stakes in marketing firms in the three countries to give it…
Closing Bell 29/3/2012
Gainers Price (Ksh) Change (%) TransCentury Limited 22.00 6.02 Kakuzi 79.50 4.61 Eveready East Africa Limited 1.50 3.45 Unga Group Limited 9.30 2.76 Sameer Africa Limted 3.90 2.63 Losers Price (Ksh) Change (%) Sasini Limited 10.75 4.44 Tatal Kenya Limited 14.65 4.25 AccessKenya Group Limited 4.00 2.44 Bamburi Cement…
Kenya Orchards 27% Profit Increase
Kenya Orchards Limited has released its financial results for the year ended 31st December 2012. The company’s profit before tax increased by an impressive 100.9% in the year moving up from Kshs. 620,520 in the previous period to Kshs. 1,246,812 in the year ended December 2011. Profit after tax increased…
Nigerian Company may get a stake in ARM.
Africa Finance Corporation, a Nigeria- based development-finance institution that is providing a $50 million convertible loan to Athi River Mining Limited (ARM), may get a 13.62 percent stake in the Kenyan cement maker if the loan is converted into equity. A convertible loan is similar…
Ngenye Kariuki & Company Limited to Return to NSE
On December 19th 2011, the Capital Markets Authority (CMA) resolved to revoke the statutory management of Ngenye Kariuki & Company Limited. Mrs. Stella Kilonzo, the Chief Executive Officer of the CMA, said the revocation of the statutory management was positive and that it was geared at facilitating completion…
ARM reports 7% increase in profits to 1.15 billion
Athi River Mining yesterday reported an after tax profit of Ksh 1,150,498 for the year ended December 31st 2011. This is a 7% increase in their profits from Ksh 1,075,268 for the same period the previous year. Group Turnover increased by 37% from Ksh. 5.96 billion in 2010 to…
NIC Bank plans 2 Billion Shilling Rights Issue
Yesterday Mr James Macharia, NIC Bank’s chief executive officer, announced that plans were underway to complete a Ksh 2 billion rights issue by end of July, this would make it the second listed firm after Kenya Airways to tap the capital markets this year. The rights issue is…
Closing Bell 28/3/2012
Gainers Gainers Price Change Uchumi Supermarkets 12.05 7.11% Housing Finance 14.55 3.93% National Bank of Kenya 18.90 2.72% AccessKenya Group 4.10 2.50% Barclays Bank of Kenya 12.35 2.49% Losers Olympia Capital Holdings 3.35 9.46% TPS (Serena) Eastern Africa 45.00 7.22% Total Kenya Limited 15.25 4.39% Eveready East Africa…
NSE – FTSE Indices to be broadcast live
On Monday 26th March 2012, the Nairobi Securities Exchange announced that, in cooperation with FTSE, a world-leader in the provision of global index and analytical solutions, the delayed index values of the FTSE NSE Kenya 15 Index and the FTSE NSE Kenya 25 Index are now available on…
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