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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.
  • BREAKINGNEWS
    NCBA Group hike interim dividend to Sh2.50
    NCBA Group has hiked its interim dividend to Sh2.50 after half year eanings grew 13 per cent for the six month period ended June 2025. The company saw its net profit grow 13 per cent to Sh11 billion from Sh9.8 billion reported in the prior period.
    The dividend will be payable to shareholders in the company's register at the close of business on 18th September 2025 and will be paid on or immediately after 2nd October 2025.
  • Flame Tree Holdings post a half year loss of Sh76.4M
    Flame Tree Holdings, manufacturer of Roto & Jojo tanks, Nature's Own spices, has reported a half year loss of Sh76.4 million a slight improvement from the half year loss of Sh90.6M reported last year.
  • BREAKINGNEWS
    Nairobi Securities half year profits surge 177%
    Nairobi Securities Exchange has posted a 177% growth in half year profits to Sh151.6 million for the period ended June 2025.
    The profit growth was driven by an increase in income from bond trading transactions and equity transactions levy.
    Income from bond transaction levy surged 78 per cent from Sh86 million reported in the prior period to Sh153 million due to increased frequency of government bond re-openings in the primary market. Low-interest rate environment also encouraged investors to trade previously issued bonds with higher yields, enhancing activity and liquidity in the secondary market.
    Income from equity transaction levy grew by 18% to Sh133.8 million from Sh113.4 million reported in the prior period driven by improved investor sentiment, strong macroeconomic indicators and anticipated strong corporate earnings.
  • 18 State owned corporations to be registered as public companies in new proposal
    18 state-owned corporations are set to be re-registered as public limited companies (PLCs) if Parliament passes a new Bill that aims to transform their governance and financial operations.
    Majority Leader Kimani Ichung’wah tabled the proposal in the National Assembly, naming key agencies set for the shift, including:
    • Kenya Ports Authority
    • Kenya Railways Corporation
    • Kenya Literature Bureau
    • Kenya Airports Authority
    • Nyayo Tea Zones Development Corporation
    • Agricultural Finance Corporation
    • Commodities Fund
    • Kenya Post Office Savings Bank
    • Kenya Meat Commission
    • Kenya Fishing Industries Corporation
    • National Mining Corporation
    • Kenya Veterinary Vaccine Production Institute
    • Kenya Broadcasting Corporation
    • National Cereals and Produce Board
    • Kenyatta International Convention Centre
    • Agricultural Development Corporation
  • Sameer Africa half year profit drops 26%
    Sameer Africa half year earnings dropped by 25 per cent to Sh86.7 million for the half year ending June 2025. Operating profit was up 51 per cent buoyed by higher revenue and lower operating expenses.
    However, a drop in net finance income by Sh56.5 million reduced the pre-tax profit of the company by 11 per cent to Sh119.9 million compared to Sh135.3 million posted in the prior period.
  • Kenya Re half year profit rise 49% to Sh1.58B
    Kenya Re half year profit grew 49% to Sh1.58B for the period ended June 2025 driven by a huge drop in net foreign exchange loss that fell 97% to Sh22 million from Sh844 million in the prior period.
    Even though the half year profit grew, earnings per share was down to Sh0.28 from 0.38 last year due to the effect of bonus issue conducted last year.
  • Poa Internet raise Sh520 million from Finnfund
    Poa Internet, a Kenyan internet service provider, has secured Sh520 million debt investment from Finnfund.
    Finnfund is Finland's development finance institution that provides long-term investment loans and risk capital to private projects in developing markets.