KEY POINTS Umeme was the top gainer of the day on Thursday with 9.38 percent at the price of 7.00 shillings per share. The second top gainer was Stanlib Fahari Income – REIT with 3.55 percent at the price of 7.00 shillings per share. Umeme was the top gainer of the day on Thursday with […]
Business conglomerate Sameer Africa PLC has swung back to profitability posting Ksh.154.5 million in net earnings through six months to June from a Ksh.58.6 million loss last year. The return to profitability comes as the firm’s rejoins its primary tyre distribution business . The rise in earnings is however largely attributable to muted costs following […]
Troubled tyre maker Sameer Africa Plc has shed 107 jobs and put up an undisclosed property for sale to ease its biting cashflow constraints and return to profitability. The regional tyre distributor revealed through its 2020 annual report that it declared 107 positions redundant comprising management staff (75) and unionisable employees (32), translating to over […]
Regional tyre distributor Sameer Africa will retrench 75 management staff and 32 unionisable employees. PHOTO | FILE Troubled tyre maker Sameer Africa Plc has shed 107 jobs and put up an undisclosed property for sale to ease its biting cashflow. The firm also intends to focus on its rental business with a view to achieving […]
Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share over the previous closing price of KSh 85.00 on Tuesday 13th, 2021. KAPC began 2021 with a share price of KSh 78.00 and has since […]
Sameer Africa will hold its 2021 Annual General Meeting (AGM) on Thursday 10th June 2021 by electronic means. For the latest key economic events use the free ECONOMIC CALENDAR
Sameer Africa Managing Director Peter Gitonga, during an interview on February 12, 2021. Faced with the option of selling the trademark of the iconic Yana tyre brand, Sameer Africa opted for a comeback. The tyre business, which the listed firm exited less than a year ago, is estimated to have led to losses of Sh1 […]
Unclaimed cash, shares and dividends surrendered to a State agency have crossed the Sh50 billion mark as investors including tycoons show disinterest in reclaiming the idle assets. Unclaimed Financial Assets Authority (Ufaa) on Monday revealed the idle assets stood at Sh51.4 billion in December, up from Sh43 billion in June, reflecting a growth of 19 […]
Sameer Africa Managing Director Peter Gitonga, during an interview on February 12, 2021. Faced with the option of selling the trademark of the iconic Yana tyre brand, Sameer Africa opted for a comeback. The tyre business, which the listed firm exited less than a year ago, is estimated to have led to losses of Sh1 […]
In a public announcement issued on Monday, the company says the decision to make the U-turn has been occasioned by sustained demand for its principal brand of tyres- Yana. On April 20 last year, Sameer Africa announced its exit from the tyre business sighting continued challenges in the trade in a move that cut out […]
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