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Umeme share price dip after reporting half year loss

  • Umeme shareholders' funds drops to Sh2.53B after reporting a loss in the half year ended 30 June 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.
  • Jubilee Holdings half year profit up 22% to Sh3.1bn
    Jubilee Holdings has reported a 22 per cent growth in its half year earnings for the six month period ended June 2025. Net profit grew 22 per cent to Sh3.1 billion from Sh2.5 billion reported during the same period last year. Earnings per share surged to Sh41.63 compared to Sh34.59 posted last year.
    The company retained its interim dividend at Sh2.00 per share to be paid to shareholders on the company's register at the close of business on 5th September 2025, and will be paid on or about 9th October 2025.
  • Standard Group half year losses widen to Sh133M
    Standard Group has widened its half year losses by 19 per cent to Sh133 million compared to the Sh112 million it reported in the prior period.
    Revenue dropped by 25 per cent to Sh789 million due to slowed government contracts and reduced advertising revenue.
    Direct costs fell compared to the same period last year due to stable foreign exchange rates that lowered newsprint and electricity expenses. Overhead costs dropped 26 per cent driven by prudent cost management and efficiency.
  • Britam Holdings half year profit drops 13.6% to Sh1.7bn
    Britam Holdings has posted a 13.6 per cent drop in its half year earnings for the six month period ended June 2025. The listed insurer saw its net profit drop to Sh1.7 billion from Sh2 billion posted last year over the same period.
    Insurance revenue grew 10.6 per cent to Sh19.7 billion driven by sustained growth across life and general insurance segments.
    The board of directors did not recommend payment of an interim dividend.