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Carbacid share price up 5.4 per cent after releasing full year results

  • Carbacid share price up 5.4 per cent in early trading today after reporting Sh1 billion profit last week.
  • Nairobi Securities Exchange shares continue to surge, rising 9 per cent in early trading today.
  • Carbacid share price up 5.4% after FY25 results
    Carbacid share price is up 5.4 per cent to Sh29.30 after reporting a net profit of Sh1 billion for the year ended July 31, 2025.
    The company also hiked its dividend to Sh2.00 from Sh1.70 it paid last year, subject to approval at the AGM.
    Read full story: Carbacid’s profits rise 19% to Sh1bn despite surge in royalty costs
  • NSE share price surges 9% in early trading
    Nairobi Securities Exchange share price continues to surge, rising 9 per cent to Sh17.60 in early trading on Monday. The stock is up 170 per cent this year.
    Last week, the bourse issued a circular, reminding shareholders, trading participants and other stakeholders of the shareholding requirements applicable to the Exchange under Capital Markets regulations, 2016.
  • Umeme share price dip after reporting half year loss
    Umeme share price has opened at Sh9.34, down Sh0.20, or 2%, after reporting s Sh6.13 billion loss for the half year period ended 30 June 2025.
  • Umeme shareholders' funds drops to Sh2.53bn
    Umeme has reported a 71.5 per cent drop in shareholders' funds to Sh2.53 billion(Sh1.56 per share) after booking a loss of Sh6.13 billion (loss per share: Sh3.77) for the half year ended 30th June 2025.
    Umeme’s distribution assets and operations were to be handed over to the state- owned Uganda Electricity Distribution Company Limited (UEDCL) following a buyout, after 20-year electricity distribution concession in Uganda officially ended on 31st March 2025, following the government of Uganda’s decision not to renew its concession agreement with Umeme.
    Umeme is currently seeking to compel the government of Uganda to pay it $118 million(Sh38 billion) through international arbitration in London.
  • Billionaire John Kibunga bought 23.7m additional shares in Centum
    Billionaire investor John Kibunga KImani bought 23.7 million additional shares in Centum increasing his shareholding in the company to 10.43% from 6.87% last year. He is currently the third largest shareholder in the company behind the estate of the late Chris Kirubi which owns 30.97% and Kenya Development Corporation Limited which owns 22.97%.
    Centum reported a profit of Sh547m for the year ended 31st March 2025 and declared a dividend of Sh0.32 per share. The company will hold its Annual General Meeting on 26th September 2025.
  • Cummings C&G opens engine rebuild centre
    Car and General subsidiary, Cumming C&G, opened a Sh30m engine rebuild facility aiming to fill a gap currently served by general repair shops that lack manufacturer accreditation.
  • Co-op bank share price hits Sh21.80
    Co-operative bank share price hit an all time high of Sh21.80 in early trading on Tuesday, valuing the bank at around Sh128bn, its highest ever since listing at the Nairobi Securities Exchange in 2008. The share price later retreated to close the day at Sh21.50 with 5.93 million shares exchanging hands.
    The bank's share price began the year at Sh16.45 and has gained 30.7% this year.
    Co-operative Bank reported a growth of 8.4% in half-year net profit to Sh14.1bn last month.