The Nairobi Securities Exchange (NSE) has begun witnessing a new slide as listed entities close their books ahead of dividend payments. The second-wave slide which follows COVID-19 shocks in March and April has seen an extension of losses of the bourse main indices. In July for instance, all three NSE indices remained on a downward […]
The East African Breweries Limited (EABL) has announced a 39 percent dip in profit after tax for the year ending June 2020. The Nairobi Security Exchange (NSE) listed firm has attributed the significant decline in earnings to a dent on sales observed in the past six months owing to Covid-19 restrictions. The company has seen […]
The top five gainers of the day at the Nairobi Securities Exchange (NSE) on Wednesday were I & M Holdings, Barclays NewGold ETF, East African Breweries Limited, Britam Holdings, and Total Kenya. I & M Holdings gained 3.89 percent at the price of 46.75 shillings per share followed by Barclays NewGold ETF with a gain […]
Kenya’s stock market hit a new 17-year low in Tuesday’s trading as most stocks continued to suffer losses. The benchmark NSE 20 Share Index closed at 1,794.6 points, a level last seen on April 28, 2003. The performance has pushed the current bear market to five-and-a-half years, with the index falling 67.3 per cent from […]
Benjamin Kyalo (right) and David Masinde during the production of WhiteCap Lager Beer in its new redesigned bottle at the EABL plant in Ruaraka, Nairobi. East African Breweries Ltd’s (EABL) beer and spirits’ sales in Kenya declined by 37 per cent in the second half of the financial year 2020. The brewer, which enjoys 69 […]
MyCredit Limited managing director George Mbira (left) gives a food donation to Esther Kwamboka carrying her 2 and half years old son Sam Ombonya in Kibera. [File, Standard] The coronavirus pandemic has muted activities at the Nairobi bourse, eroding the value of many erstwhile blue-chip stocks. But amid the gloom and doom, the cream of […]
Trucks are still at its Nairobi plant. Crates piling up at its storage yards as expired liquor from the field is ferried back to its depots. In Kisumu, its Sh14 billion plant remains silent as its customers remain out of reach due to limited drinking hours and cash strains. This state of affairs has seen […]
•The brewer has reported a 39 per cent decline on its net profit for the year ended June 30, 2020, which fell to ShSh7 billion from Sh11.5 billion. •During the period under review, EABL net sales dropped 9.2 per cent to Sh74.9 billion from Sh82.5 in 2019. East African Breweries Limited (EABL) is counting on […]
Benjamin Kyalo (right) and David Masinde during the production of WhiteCap Lager Beer in its new redesigned bottle at the EABL plant in Ruaraka, Nairobi. East African Breweries Ltd’s (EABL) beer and spirits’ sales in Kenya declined by 37 per cent in the second half of the financial year 2020. The brewer, which enjoys 69 […]
Trans-Century was the top gainer of the day on Thursday with 8.28 percent at the price of 1.83 shillings per share followed by Longhorn Publishers with 7.54 percent at the price of 4.84 shillings per share. The East African Cables was the third gainer with 6.79 percent at the price of 2.36 shillings per share […]
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