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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 (Elim Consulting)

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 (Elim Consulting)

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 (Synergy Systems)

Britam's expansion policy pays off

Britam reported a profit of KES 3.2 billion up from 2.8 billion in the previous year, heralding a growth of 12.2% in the year. The good news was translated into dividends as the company announced a dividend of KES 0.25 per share.

12:36 pm Friday March 14, 2014 – Odhiambo Ramogi (Elim Consulting)

Kapchorua Tea Survives the Downturn

Kapchorua Tea posted an 18.9% jump in profitability in 2013 to stand at KES 180 million from KES 78 million. Sales dropped marginally to KES 1.35 billion from KES 1.4 billion due to declining tea prices and increasing production in the period. Its stock price has remained robust, up 28% year-to-date and 132% since 2008.

12:00 am Thursday March 13, 2014 – Rufus Mwanyasi (Synergy Systems)

Housing finance finishes strong in 2013

Housing finance full year results for 2013 are out. The consolidated group's profit after tax stood at KES 995 million, a 33.9% growth from the 2012 full year results.

10:05 am Monday March 03, 2014 – Odhiambo Ramogi (Elim Consulting)

22 January - Kenyan Markets with Daniel Chege

ABNís David Williams speaks with Daniel Chege, Equity and Fixed Income Dealer at Cannon Asset Managers, looking at: Treasury warning of investor fears of political violence around the elections, Kenya Airways woes around executives and fleet, Safaricom a darling of the NSE; Close 20-yr bond sale today

5:18 am Wednesday January 23, 2013 – Cannon Asset Managers (Cannon Asset Managers)

6 December - Kenya Market Update with Daniel Chege

Daniel Chege, Fixed Income Dealer at Cannon Asset Managers, looking at: NSE 20 share index closed 0.86% lower; Eveready EA posted a KSH 68.9mn in FY PBT; Co-Op bank has produced a loan of $60mn from the IFC

11:53 am Thursday December 20, 2012 – Cannon Asset Managers (Cannon Asset Managers)

November 1, 2012 - Kenya Market with Daniel Chege

Recap of day's trading

4:48 am Thursday November 22, 2012 – Cannon Asset Managers (Cannon Asset Managers)

Kenya Market Outlook - August 2012

In July 2012 inflation rate dropped more than the market had anticipated to 7.74% and subsequently interest rates have fallen with 91-days TBills currently at 8.58% as at 24th August 2012. The fall in inflation gives MPC room for further CBR cut during next month meeting and concern on stability of Kenya Shilling to be addressed by CBK continually mopping up liquidity.

8:25 am Friday September 28, 2012 – Cannon Asset Managers (Cannon Asset Managers)
 

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