Tag: pre-tax profit
Kenya Power’s pre-tax profit for the year ended June 2019 dropped by 93 per cent to $3.31 million, attributing the drop to the higher costs of buying electricity. Also, the unaudited results for the six month period ending December 31, 2019 the East African Portland Cement made $15.6 million loss after tax, with sales revenues up 8 per cent to hit. The Competition Authority of Kenya has approved the proposed acquisition of control of Gulf Energy Holdings Limited by KenoL Kobil PLC. David Kingoo, Manager at Cytonn Investments joins CNBC Africa for more.
Zenith Bank Group recorded an 11.3 percent rise in full-year profit after tax to 193 billion naira. CNBC Africa's Esther Awoniyi caught up with Zenith Bank's Deputy Managing Director Ebenezer Onyeagwu to break down the numbers.