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Carbacid share price up 5.4 per cent after releasing full year results

  • Carbacid share price up 5.4 per cent in early trading today after reporting Sh1 billion profit last week.
  • Nairobi Securities Exchange shares continue to surge, rising 9 per cent in early trading today.
  • I&M Group profits grew 36% to Sh8.3bn in H1 2025
    I&M Group PLC posted a 36% jump in profit after tax to Sh8.3bn, driven by growing net interest income and non-interest revenue, and rising contributions from regional subsidiaries.
    H1 2025 Performance Highlights:
    • Net interest income: +24% to Sh20.4bn
    • Non-interest income: +13% to Sh6.95bn
    • Loan loss provisions: +17% to Sh4.1bn
    • Profit after tax: +36% to Sh8.3bn
    • Earnings per share: +37% to Sh4.51
    • Total assets: +4.3% to sh589bn
    • Loan book: +2.1% to Sh290bn
    • Gross NPLs: -1.4% to Sh34.4bn
    The company did not recommend payment of an interim dividend.
  • Stanbic Holdings' profit dip 9% in H1 2025
    Stanbic Holdings has posted a 9 per cent drop in profit after tax in the first half of 2025. Despite the drop in profits, the company hiked its interim dividend to Sh3.80 per share compared Sh1.84 per share paid last year.
    Stanbic Bank: Negative private sector credit growth in January, muted FX volatility and drop in interest rates affected our performance in Q1 but we recovered slightly in Q2.
    Stanbic Bancassurance's profit grew 49 per cent to Sh95M during the period while SBG Securities posted a profit growth of 59 per cent to Sh23M.
  • Sunveat Foods Limited crosses 300 million sales
    Sunveat Foods Limited, the biscuit maker behind digestive, nice among other biscuit brands, celebrated crossing 300 million in sales. The company has been operating for almost 13 years.
    Sunveat Foods Limited, the biscuit maker behind digestive, nice among other biscuit brands, celebrated crossing 300 million in sales. The company has been operating for almost 13 years.
  • I&M Burbidge Capital acted as advisor in Goodlife Pharmacy sale.
    I&M Burbidge in partnership with Nedbank acted as financial advisor to Leapfrog Investment in its sale of Goodlife Pharmacy to CFAO Healthcare.
    The deal, whose value was undisclosed, was the largest PE-led retail pharmacy exit for sub-Saharan Africa outside of South Africa.
  • Kalahari Cement to acquire 29pc stake in East Africa Portland Cement
    Kalahari Cement is looking to acquire 29.2 per cent stake in East African Portland Cement held by Associated International Cement Ltd and Cementia Holding AG at Sh27.30 per share subject to regulatory approval.
    East African Portland Cement share price jumped 10 per cent to Sh52.25 in early trading on Friday following the news before retreating and closing the day at Sh50.75.
  • Dominic Grainger exits Scangroup's board
    Mr. Dominic Grainger resigned from WPP Scangroup's board effective 31st July 2025 after serving on the company's board since 2018. His exit from the board comes following his resignation as CEO, WPP Specialist Communication (UK).
    WPP Scangroup has made leadership changes recently that saw Patricia Ithau exit as CEO with Miriam Kaggwa taking over as Interim CEO. The company is looking to fill the CEO position having posted the vacancy to potential candidates earlier this week.