(Last Updated On: October 21, 2014)
Industrial gases company Carbacid has been able to get a 3.2 percent growth in net profit to hit sh491 million. This was mainly helped by a lower tax charge. Before taxes the pretax profit had a decline of 5.9 percent to sh597.3 million for the financial year ended July 31.
The company’s total sales had dropped from sh952.8 million to sh826.4 million. Demand for carbon dioxide outside Kenya had reduced. Soft drink and beer companies are its main customers. Final dividend was reduced by half to stand at Sh0.3 per share.