| Barclays hits record high (2007-02-23) |
| BBK realised an unassailable performance in the financial year 2006 having registered a record Kshs. 6.5 billion pre-tax profits, up from a previous periods Kshs5.4billion, a 19.31% rise. This was mainly due to increase in interest income, going up by 11.56% from Kshs9.3billion to Kshs 10.429billion.The bank’s post tax profit upped 20.46% from Kshs3.729billion registered in 2005 to Kshs 4.492billion in year 2006. A 2.3% reduction in other operating expenses from Kshs 8.85 billion to Kshs 8.6 billion further buoyed the banks profitability. |
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| ICDC Half year profits up 56% (2007-02-22) |
| ICDC Investments recorded improved trading results for the half year ended 31st December 2006 with profits having gone up by 56% to Kshs. 459 mn. up from Kshs. 295 mn. realised over a similar period in the previous year. Investments Income was up 38% to Kshs. 384 mn. up from Kshs. 278 nm, and despite a 30% increase in expenses to Kshs. 52.5 mn from Kshs. 40.1 mn., owing to unrealized foreign exchange losses on dollar deposits as a result of the appreciation of the local currency, operating income was up 40% to Kshs. 332 mn. |
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| Cables hits the Kshs. 2 bn mark (2007-02-21) |
| ast African Cables turnover clocked the Kshs. 2 bn mark only a year after having hit the Kshs. 1bn mark in year 2005. The groups turnover was up by 76% from Kshs.1.162 billion realised in yr 2005 to Kshs.2.04billion in the year ending 31st December 2006. |
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| Sameer Africa slips into losses (2007-02-21) |
| Sameer Africa realised a serious declined performance for the 2006 financial year registering a Kshs 14.865M pre-tax loss, a complete turnaround from the year 2005 Kshs 294M profit. |
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| E.A. Portland half year profits up (2007-02-16) |
| East African Portland Cement Company realised an improved performance over the first half of the year 2006/2007 as evidenced by the unaudited half year results released on Thursday 15th February 2007. |
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| Equity hits the billions (2007-02-14) |
| Equity Bank recorded a strong performance over the last financial year having more than doubled its profitability during the year ended 31st Dec 2006.The bank posted Kshs 1.1 billion pre-tax profit from Kshs 501million registered in the year ending 31st Dec 2005 and 753million post-tax profit against 345million registered in year ended 2005 which is 120% and 118% growth in pre and post tax respectively. |
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| Bamburi ups profits by 30% (2007-02-14) |
| Bamburi registered a strong performance over the last financial year ending 31st Dec 2006 as evidenced by end of the year results released on Wednesday 14th 2007. |
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| Mumias half year profits down (2007-02-12) |
| Mumias realised a declined performance over the first half of year 2006/2007 as evidenced by the half-year results released on Friday, 9th February 2007. Sales declined by 23% to Kshs. 5.4 bn, and despite a reduced value added tax and Sugar development levy, levies, the net sales were still down by 23.4% to kshs. 4.35 bn. down from the previous year’s Kshs. 5.7 bn. |
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| Housing looks at raising funds through a rights issue (2007-01-30) |
| Housing Finance, a long time Mortgage finance company, is looking at using a rights issue to raise expansion funds. Housing Finance was for a long time the leading mortgage finance provider till other Finance and Banking institutions started encroaching into the mortgage industry, completely choking Housing Finance which was unprepared for the competition wrought by the entry of other players in the sector. |
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| Kenol's profits slightly down (2007-01-30) |
| Results released by the Board of Directors of Kenya Oil Company reflected a slight decline in profit performance from Kshs. 903 mn realised in year 2005 to Kshs. 843 mn. in year 2006. Sales went up by 24% to Kshs. 46.4 bn, but a higher increase in cost of sales to Kshs. 44 bn., 26% above the previous years Kshs. 35 bn. resulted in a 12% decline in gross profits to stand at Kshs. 2.46 bn. down from Kshs. 2.8 bn. |
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| CFC on merger talks with Stanbic (2007-01-26) |
| CFC Financial Services released a cautionary announcement on merger talks between themselves and Stanbic Bank Kenya |
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| Stanbic UG price up 192% (2007-01-25) |
| On its maiden trading day on the Uganda securities exchange today, Stanbic Uganda saw its price close 192% above the Ushs. 70 floating price |
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| Telcom restructuring now underway (2007-01-23) |
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Telcom has acquired Kshs. 5.83 bn. to assist in its restructuring ahead of its privatisation later this year. |
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| Relatively generous allocation for Stanbic Uganda applicants (2007-01-22) |
| Results of the Stanbic Uganda IPO whose offer period ran between 24th November abd 22nd December reflected a 200% oversubscription for the 1 bn shares offered to the public. The offer received 37,449 applications for 3 bn. Shares totalling to Shs. 211 bn. |
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| Mumias Sugar secondary offer almost at par (2007-01-22) |
| News on the Mumias Sugar Secondary offer, in which the government offloaded 92 mn shares to the public, reflect a slight oversubscription of 10,000 shares, less than 1% of the total shares on offer. |
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| SCAN GROUP GETS PIECE OF REDSKY (2007-01-18) |
| Scan group has acquired a 50% stake in Redsky Ltd., |
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| TPS on long term lease agreement with Rwanda (2007-01-18) |
| TPS E.A has recently concluded a takeover deal for two large hotels in Rwanda, Kigali Intercontinental Hotel and Kivu sun hotel. This acquisition is yet another of TPS efforts towards regionalising the group.
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| CMC splits shares 10 ways. (2007-01-18) |
| CMC Holdings Ltd., a leading vehicle assembly and sale company rteleased1 their results for the year ended 30th September 2006 on Friday, 11th January 2007. Results reflected a 12% growth in net profits to Kshs. 382.4 mn. up from Kshs. 340 mn. realised over the previous year. |
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| Standard Group Ltd. Un-audited results for the year ended 30th September 2006 (2006-11-06) |
| Standard Group realized a strong performance improvement over the 12 month period ended 30th September 2006. This was attributed largely to improved corporate efficiency ... |
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| Kenya Power & Lighting Co. Ltd. Audited results for the year ended 30th September 2006 (2006-11-06) |
| Kenya Power and Lighting Company Ltd. realised an improved performance over the year ended 30th September 2006. The company recorded a 30% profit appreciation to Kshs. 1.6 bn. up from the previous years Kshs. 1.27bn. |
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