(Last Updated On: March 6, 2015)
Industrial gases manufacturer Carbacid has reported a 6% drop in net profit to Ksh221.2 million for the 6 months ended January. Revenue went down by 15.4% from Ksh473 million to Ksh410.2 million.
The drops were as a result of lower carbon dioxide exports plus increased costs in operation plus new mining royalties. The company has absorbed all costs without increasing any prices hence customers were not affected.