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Sasini up 10 per cent after Sh117m profit

  • Sasini share price is up 10 per cent in early trading today after reporting a net profit of Sh177m.
  • BREAKINGNEWS
    Kenya Re suspend MD Hillary Wachinga for 21 days
    Kenya Re has suspended Hillary M. Wachinga from his position as managing director for 21 days effective 3rd September 2025. The decision was made by the board following a preliminary review of internal matters which is currently ongoing.
    The board has appointed Nicodemus Gekone, General Manager Property & Investment, to serve as acting Managing Director during this period.
  • African Originals report Sh10.3m profit
    African Originals Limited, the parent of Savannah Beverages - the makers of Kenyan Originals beverage, have reported a profit of Sh10.3m for the year ended 31 December 2024 according to latest filings by the company. This is an improvement in performance compared to the Sh35m loss they reported during the same period in 2023.
    African Originals raised Sh260m in Series A funding round last year led by Phoenix Beverages Limited, who are the top shareholders owning 34.9% stake in the company.
    Bloomberg reported in April that African Originals is looking to raise more funds to fund expansion to meet growing demand of its products. The company entered Uganda earlier this year.
  • KCB Group shares down 5% in early trading
    KCB Group share price has dropped Sh2.75, or 5.1%, to Sh51 in early trading today. This is after closing its books for the interim dividend(Sh2.00) and special dividend(Sh2.00).
    The dividend is payable on or about 11th November 2025.
  • Kenya business confidence rises to 30-month high
    The Stanbic Bank Kenya headline PMI released yesterday showed near recovery to business conditions across the private sector in August, after July data pointed to a slump in business activity due to weak sales and protest-led disruption.
    The headline PMI from Stanbic Bank Kenya increased from 46.8 in July to 49.4 in August. This means that the private sector is contracting but at a much slower rate, after a 12-month low in July.
  • Limuru Tea widen pre-tax loss to Sh22.2m
    Limuru 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 profits
    Home 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 Paints
    Crown 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.