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Kenya Insurance Companies Analysis

Kenya insurance companies have been reporting their 2013 full year earnings. We expected impressive performance from the insurance companies considering a favorable environment in 2013 for good returns in investments especially in equities.

8:55 am Monday March 31, 2014 – Cannon Asset Managers (Cannon Asset Managers)

The Efficiency Factor in Kenya's Listed Banks

Continued investments in technology-based service delivery channels such as mobile and internet banking services has enabled banks to cut on operational costs and boost efficiency.

1:00 am Monday March 31, 2014 – Rufus Mwanyasi (myStocks Contributors)

Nairobi Securities Exchange Stock Picks - March 2014

Nairobi Securities Exchange Stock Picks - March 2014

8:29 am Tuesday March 25, 2014 – Cannon Asset Managers (Cannon Asset Managers)

Excellent balancing act by Coop Bank in 2013

Coop Bank reported a 17.9% rise in net profit for the year ended December 31 2013. The bank posted a profit of KES 9.1 billion up from KES 7.7 billion the previous year.

8:50 am Saturday March 22, 2014 – Odhiambo Ramogi

Trading oil stocks using correlation strategy

2013 saw the two listed oil firms display mixed performance at the bourse. Share prices of both firms have continued to display contrasting performance despite more or less similar fundamental performance.

8:53 am Friday March 21, 2014 – Rufus Mwanyasi (myStocks Contributors)

Carbacid fails to pass the acid test

Carbacid released its mid year results to January 2014. The manufacturer produced a profit of 235 compared to 264 in the first half of last financial year, a 10.98% decline.

7:09 pm Thursday March 20, 2014 – Odhiambo Ramogi

Jubilee; market leader trailing in profitability

Jubilee holdings announced their full year results for 2013. Net profits grew by 9.56% to stand at KES 2.5 billion. Gross premium revenue stood at 18 billion compared to KES 15.4bn the previous year, a 16.9% growth. Results display a company in the right growth trajectory.

6:49 pm Thursday March 20, 2014 – Odhiambo Ramogi
Photo: cio.co.ke

Is the cable company wired to fail?

EA Cables released its final year results on Friday 14th March. The net profit stood at KES 398 million, a 23.7% drop in profits compared to KES 522 million the company made the previous year. The company saw a 5% increase in revenue in the year under review but was weighed down by an increase in operational expenditure.

10:22 am Wednesday March 19, 2014 – Odhiambo Ramogi

KCB remains the gem of the Kenyan banking industry

KCB group reported a profit of 15 billion Kenya shillings for the year 2013 marking a 17% increase in profit before tax. The bank has maintained its position as the most profitable bank in the region.

3:08 pm Monday March 17, 2014 – Odhiambo Ramogi

CIC Insurance Going For Growth

CIC Insurance released its 2013 year end results which registered a marginal rise in profitability. Profits before tax stood at KES 1.67 billion, up 1.3% from KES 1.64 billion in 2012 due to increase in claims incurred and operating expenses.

9:41 am Monday March 17, 2014 – Rufus Mwanyasi (myStocks Contributors)

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