The market data shows that among actively traded stocks, 27 or 47 per cent of the companies registered gains while 30 or 53 per cent posted losses. FILE PHOTO | NMG Troubled Kenya Airways leads a group of loss-making companies to emerge with the best stocks from a period when the country imposed tight coronavirus […]
Businessman Naushad Merali has acquired an additional 1.91 percent stake in property firm Sameer Africa , raising his ownership in the company to a new high of 74.06 percent. Two companies associated with Mr Merali, Sameer Investments and Yana Trading, bought a total of 5.3 million shares of the Nairobi Securities Exchange-listed firm with a […]
Recently, businessman Naushad Merali acquired an additional 1.91 percent stake Sameer Africa to reach a new high of 74.06 percent. The company recently dropped its tyre business in a bid to return to profitability by concentrating on its real estate arm. However, in their income statement for 2019, the company valued their investment properties at […]
The top five gainers at the Nairobi Securities Exchange (NSE) on Tuesday were WPP ScanGroup, Sameer Africa, Olympia Capital, TPS Eastern Africa (Serena), and HF Group. WPP ScanGroup gained 26.29 percent at the price of 22.10 shillings per share followed by Sameer Africa with 9.51 percent at the price of 3.80 shillings per share. Olympia […]
An employee of the East African Breweries Limited checks on beer quality before labelling April 17, 2019 at the company’s plant in Ruaraka, Nairobi. PHOTO | SIMON MAINA | AFP As coronavirus pandemic continues to disrupt economic activities in the country, some companies have issued cautionary statement on their profits margins. East African Breweries Limited […]
Sameer Africa net loss for the year ended December 2019 has almost doubled to Ksh1.062 billion as compared to a loss of Ksh529 million recorded in 2018. The Group’s revenue reduced by 15 percent from Ksh2.07 billion in 2018 to Ksh1.76 billion in 2019 following the closure of several retail outlets in Kenya and the […]
The Nairobi Securities Exchange-listed firm had recently retrenched 52 workers, with the upcoming downsizing set to raise the total jobs lost to 125. Sameer says the tyre business has continued to suffer despite various measures including the 2016 decision to close the Nairobi factory and outsource production to Asia. The company, which has long lamented […]
An employee of the East African Breweries Limited checks on beer quality before labelling April 17, 2019 at the company’s plant in Ruaraka, Nairobi. PHOTO | SIMON MAINA | AFP As coronavirus pandemic continues to disrupt economic activities in the country, some companies have issued warnings on their profits margins. East African Breweries Limited (EABL), […]
A worker at Sameer East Africa plant on Mombasa Road in Nairobi. FILE PHOTO | NMG In Summary The Nairobi Securities Exchange-listed firm had recently retrenched 52 workers, with the upcoming downsizing set to raise the total jobs lost to 125. Sameer says the tyre business has continued to suffer despite various measures including the […]
Sameer Africa External Auditors KPMG have resigned, even as the company faces a bleak future following reduced revenues occasioned by mismanagement. The move was announced by company secretary Edgar Imbamba, who said the board had appointed RSM Eastern Africa LLP to fill the void. “This is to notify you that following the resignation of the […]
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