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.
Eaagads Limited 2015 Half-year Results
Eaagads Limited profit for the 6 months ended September 2015 decreased by 20.57% to KES 9.53 million compared to KES 12 million reported in September 2014. Profitability was boosted by fair value gain on revaluation of biological assets of KES 13.09 million. Revenue rose by 6.48% to KES 44.73 million…
Imperial Bank owners and CBK feud over reopening delays
Imperial Bank owners and CBK feud over reopening delays Imperial Bank shareholders have blamed Central Bank of Kenya (CBK) over the delayed reopening of the closed bank, days after the regulator accused them of inaction. The owners also accused KDIC of failing to appoint a team…
Closing Bell: Home Afrika Ltd Top Gainer as Umeme Limited Declines
Home Afrika Ltd Top Gainer as Umeme Limited Declines Home Afrika Ltd (HAFR) was the top gainer of the day. It gained 7.69% to close at KES 1.40 which was a KES 0.10 gain in share price. Umeme Limited (UMME) was the top loser of the…
Diamond Trust Bank 2015 Q3 Results
Diamond Trust Bank’s profit for the 9 months ended September 2015 grew by 11.51% to KES 4.77 billion, up from KES 4.28 billion reported in September 2014. This was boosted by regional operations. Customer deposits grew by 17.96% to KES 175.10 billion, up from KES 148.44…
CA imposes stiffer penalty for poor telecom services
CA imposes stiffer penalty for poor telecom services The Communications Authority of Kenya (CA) board has set 0.2 per cent of the annual gross turnover as the penalty for telecommunication firms that offer substandard services, setting the companies up for heavier fines […]…
Closing Bell: ARM Cement Limited Top Gainer as National Bank Of Kenya Ltd Declines
ARM Cement Limited Top Gainer as National Bank Of Kenya Ltd Declines ARM Cement Limited (ARM) was the top gainer of the day. It gained 9.76% to close at KES 45.00 which was a KES 4.00 gain in share price. National Bank Of Kenya Ltd (NBK) was the top loser…
Safaricom hands over CCTV system to police this week
Safaricom hands over CCTV system to police this week Safaricom is set to hand over the national surveillance system to the government this week after the completion of the project in Nairobi and Mombasa. The telecoms operator said the government would use the infrastructure at no…
UAP Life loss eats into Old Mutual capital injection
UAP Life loss eats into Old Mutual capital injection UAP Life has sunk deeper in the red with Sh453 million loss in the ten months to October, wiping out recent capital injections by South Africans and earning a downgrade of its credit outlook. South African rating…
Closing Bell: Mumias Sugar Company Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Mumias Sugar Company Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Mumias Sugar Company Ltd (MSC) was the top gainer of the day. It gained 10% to close at KES 1.65 which was a KES 0.15 gain in share price. Atlas Development and Support Services Ltd (ADSS)…
1
