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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.
  • Standard Group half year losses widen to Sh133M
    Standard Group has widened its half year losses by 19 per cent to Sh133 million compared to the Sh112 million it reported in the prior period.
    Revenue dropped by 25 per cent to Sh789 million due to slowed government contracts and reduced advertising revenue.
    Direct costs fell compared to the same period last year due to stable foreign exchange rates that lowered newsprint and electricity expenses. Overhead costs dropped 26 per cent driven by prudent cost management and efficiency.
  • Britam Holdings half year profit drops 13.6% to Sh1.7bn
    Britam Holdings has posted a 13.6 per cent drop in its half year earnings for the six month period ended June 2025. The listed insurer saw its net profit drop to Sh1.7 billion from Sh2 billion posted last year over the same period.
    Insurance revenue grew 10.6 per cent to Sh19.7 billion driven by sustained growth across life and general insurance segments.
    The board of directors did not recommend payment of an interim dividend.
  • BREAKINGNEWS
    NCBA Group hike interim dividend to Sh2.50
    NCBA Group has hiked its interim dividend to Sh2.50 after half year eanings grew 13 per cent for the six month period ended June 2025. The company saw its net profit grow 13 per cent to Sh11 billion from Sh9.8 billion reported in the prior period.
    The dividend will be payable to shareholders in the company's register at the close of business on 18th September 2025 and will be paid on or immediately after 2nd October 2025.
  • Flame Tree Holdings post a half year loss of Sh76.4M
    Flame Tree Holdings, manufacturer of Roto & Jojo tanks, Nature's Own spices, has reported a half year loss of Sh76.4 million a slight improvement from the half year loss of Sh90.6M reported last year.
  • BREAKINGNEWS
    Nairobi Securities half year profits surge 177%
    Nairobi Securities Exchange has posted a 177% growth in half year profits to Sh151.6 million for the period ended June 2025.
    The profit growth was driven by an increase in income from bond trading transactions and equity transactions levy.
    Income from bond transaction levy surged 78 per cent from Sh86 million reported in the prior period to Sh153 million due to increased frequency of government bond re-openings in the primary market. Low-interest rate environment also encouraged investors to trade previously issued bonds with higher yields, enhancing activity and liquidity in the secondary market.
    Income from equity transaction levy grew by 18% to Sh133.8 million from Sh113.4 million reported in the prior period driven by improved investor sentiment, strong macroeconomic indicators and anticipated strong corporate earnings.
  • 18 State owned corporations to be registered as public companies in new proposal
    18 state-owned corporations are set to be re-registered as public limited companies (PLCs) if Parliament passes a new Bill that aims to transform their governance and financial operations.
    Majority Leader Kimani Ichung’wah tabled the proposal in the National Assembly, naming key agencies set for the shift, including:
    • Kenya Ports Authority
    • Kenya Railways Corporation
    • Kenya Literature Bureau
    • Kenya Airports Authority
    • Nyayo Tea Zones Development Corporation
    • Agricultural Finance Corporation
    • Commodities Fund
    • Kenya Post Office Savings Bank
    • Kenya Meat Commission
    • Kenya Fishing Industries Corporation
    • National Mining Corporation
    • Kenya Veterinary Vaccine Production Institute
    • Kenya Broadcasting Corporation
    • National Cereals and Produce Board
    • Kenyatta International Convention Centre
    • Agricultural Development Corporation
  • Sameer Africa half year profit drops 26%
    Sameer Africa half year earnings dropped by 25 per cent to Sh86.7 million for the half year ending June 2025. Operating profit was up 51 per cent buoyed by higher revenue and lower operating expenses.
    However, a drop in net finance income by Sh56.5 million reduced the pre-tax profit of the company by 11 per cent to Sh119.9 million compared to Sh135.3 million posted in the prior period.