BUSINESS Archive

NBK Q1 2016 Results and Performance

National Bank of Kenya posted a Ksh334.6 million net profit in the first quarter of 2016. This is a 32.4% drop from the Ksh495m in 2015. Net interest income increased from Ksh1.9bn to Ksh2.3bn while net loans and advances dropped by 5.3% as the

Mumias Sugar H1 2016 Financial Results

Kenya’s biggest sugar producer registered a net loss of Ksh1.58 billion in the six months to December 2015 which is bigger than H1 of 2015 which stood at Ksh1.4 billion. This 8.9% increase in losses was blamed on a tough operating environment such as

Nakumatt Registers Major Drop In Profit In 2015

Kenya’s largest retailer Nakumatt had registered a major decline in profit for the financial year ended February mainly due to high spending in financing costs. The report done by South African credit rating agency shows the profit before tax stood at Ksh305 million in