Isuzu East Africa Managing Director and CEO Rita Kavashe PHOTO | LINKEDIN Isuzu East Africa Managing Director Rita Kavashe has been named as the British American Tobacco (BAT) Kenya new board chairperson. Ms Kavashe who has been serving as BAT’s non-executive director replaces George Maina who retired from the board on Monday. Rita Kavashe holds […]
Rita Kavashe, BAT chair. Isuzu East Africa Managing Director Rita Kavashe has been installed as the British American Tobacco (BAT) Kenya new board chairperson. Outgoing chair, George Maina, retired recently. “George has contributed immensely to the growth of BAT Kenya he has led the company through a period of major transformation, including overseeing the Company’s […]
Bamburi Cement’s profit after tax grew to Sh721 million for the first six months of this year, helped by a Sh508 million tax credit. The cement maker reported Sh393 million net profit in the same period last year. The credit arose from the adjustment of deferred tax liability in line with the new corporate tax […]
Bamburi cement has posted a Ksh.83 per cent profit growth to Ksh.721 million through the first half of 2020. The near double earnings acceleration is highly attributable to costs containment efforts and gains marked in the period. The firm cut its financing costs by 24 per cent to Ksh.133 million as it diversified its funds […]
Bamburi Cement’s profit after tax grew to Sh721 million for the first six months of this year, helped by a Sh508 million tax credit. The cement maker reported Sh393 million net profit in the same period last year. The credit arose from the adjustment of deferred tax liability in line with the new corporate tax […]
NAIROBI, Kenya, Aug 28 – Bamburi Cement has posted an increase in its after – tax profit to Sh721 million in the first half of the year, up from Sh393 million posted during a similar period last year. The cement manufacturer said the improved performance was on account of tax credit, amounting to Sh508 million. […]
Commenting on the Company’s half year results, Group Managing Director Seddiq Hassani noted that despite depressed demand the improved performance is a testament of Bamburi Cement Group’s business resilience. Bamburi Cement Group has recorded a pre-tax profit of KSh 213 million for the first half ending June 30, 2020 up from KSh 23 million in […]
The top gainer of the day on Tuesday at the Nairobi Securities Exchange (NSE) was Standard Group who jumped from the top losers’ table on Monday. The company gained 9.85 percent at the price of 22.30 shillings per share. The second top gainer on Tuesday was Sasini who went home with 9.71 percent at the […]
The top gainer of the day at the Nairobi Securities Exchange (NSE) on Thursday was Sameer Africa followed by Flame Tree Group, KCB Group, Britam Holdings, and HF Group. Sameer Africa gained 9.85 percent at the price of 3.57 shillings per share followed by Flame Tree Group with 5.60 percent at the price of 1.32 […]
The top 5 gainers of the day at the Nairobi Securities Exchange on Wednesday were TPS Eastern Africa (Serena), Umeme, Sameer Africa, Bamburi Cement, and Nation Media Group. TPS Eastern Africa (Serena) gained 9.92 percent at the price of 14.40 shillings per share followed by Umeme with a gain of 9.88 percent at the price […]
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