Profits surge at Crown Paints; Home Afrika turnaround continues - as it happened
Crown paints half year profits surge; Limuru Tea widen half year losses.
- Profits surge at Crown Paints.
- Home Afrika turnaround continues with half year profits.
- Limuru Tea widens half-year loss.
- Limuru Tea widen pre-tax loss to Sh22.2mLimuru Tea has reported that pre-tax losses have widened to Sh22.2m in the half year to 30 June 2025, from Sh19.6m it reported in 2024.The company blamed rising labour expenses, decline in market prices and foreign exchange challenges in key tea markets for the decline in performance.The company's share price is unchanged at Sh310.25, with no trade executed in early trading today.
- Home Afrika posts 15% rise in half year profitsHome Afrika has posted a profit of Sh192.4m, a 14.6% rise from the Sh167.8m it posted last year.The company attributed the rise in profit to revenue growth boosted by completion of Migaa Golf Course, with revenues increasing to Sh359.4m from Sh309.4m posted last year.Jayne Nyokabi, Home Afrika's managing director, says:"Growth was fueled by higher title issuance, recognition of deferred income, and increased deposits for residential plots. Revenue from other income has also increased by 132% this is majorly from the golf activities and tournments at our Migaa Golf Estate"The company's share price has surged 10% in early trading today, following the news, to trade at Sh0.97.
- Profits surge at Crown PaintsCrown Paints has reported that pre-tax profits jumped to Sh548m in the half-year to 30 June 2025, up from Sh147m over the same period last year.The company's revenue jumped 20% to Sh7.4 billion from Sh6.2 billion, with management attributing the growth to increase in sales volumes.The board of directors did not recommend payment of an interim dividend.The share price is up 0.3% in early trading today, trading at Sh48 following the half year results announcement.
Explore more on these topics
More from News
ABAK calls for government action over alcohol market controls
The Alcoholic Beverages Association of Kenya (ABAK) has called for urgent government action to tighten controls in the alcohol market, citing growing concerns over product traceability, authenticity and the rising volume of beverages entering the country through parallel import channels
SBM Bank, Safer Power ink Sh2.2bn green energy manufacturing financing deal
SBM Bank Kenya and Safer Power Group have entered into a partnership that will see the bank extend Sh2.2 billion ($17 million) financing to support green energy manufacturing workshop and construction of a factory.
Hemas Holdings completes acquisition of 75% stake in Twiga Stationers for Sh2.86bn
Sri Lanka's Hemas Holdings has completed the acquisition of a 75 percent stake in Twiga Stationers, the Kenyan manufacturer of the Kasuku and Crownbird stationery brands, in a deal valued at Sh2.86 billion ($22 million).
