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Longhorn falls into Sh145m half-year loss

Longhorn falls into Sh145m half-year loss Friday February 19 2021 Longhorn Publishers chairman Francis Nyammo at a past full-year earnings briefing in Nairobi. FILE PHOTO | DIANA NGILA | NMG By LYNET IGADWAH The publisher had made a net profit of Sh68.96 million in the half-year to December 2019. “The Group revenue declined compared to the same period last year mainly attributable to the closure of schools for the entire period,” Longhorn said in a statement on Friday. Kenya shut schools indefinitely in March last year when the first case of coronavirus was reported within its borders in a move that hurt businesses that rely on schools being open.

Nairobi areaNairobi securities exchange listedLonghorn publishersSchools openingTextbook salesநைரோபி பரப்பளவுநைரோபி பத்திரங்கள் பரிமாற்றம் பட்டியலிடப்பட்டுள்ளதுலாங்ஹார்ன் வெளியீட்டாளர்கள்பள்ளிகள் திறப்புபாடநூல் விற்பனை

DTB to shut down six branches in Nairobi, Eldoret and Malindi

The lender says staff in the affected branches will be redeployed to other business units

Nairobi areaNorth westSouth africaRift valleySouth africanDiamond trust bank kenyaStandard chartered bank kenyaWestlands branchCentral bankDiamond trust bankKim holdingsCooperative bankTrust bank kenyaOval digital lobbyGarden city mallThika road mall

Limuru Tea issues profit warning

Limuru Tea issues profit warning Thursday February 18 2021 By BRIAN AMBANI Agricultural firm Limuru Tea #ticker:LIMT expects its net profit for 2020 to decline by at least 25 per cent, citing challenges heightened by the pandemic. In a notice to shareholders on Thursday, the Nairobi Securities Exchange-listed firm said business was weighed down by low tea prices and rising cost of production amid Covid-19 economic disruptions. Limuru Tea posted a Sh1.9 million after-tax profit in 2019, a drop from Sh2.5 million it made in 2018 after bouncing back from a loss-making streak. “The company’s performance is expected to record a decline in the net profits attributable to the shareholders of the company for the financial year ended December 31, 2020 as compared with the audited financial results for the year ended December 31, 2019.

Nairobi areaKenya tea development authorityCentral bankLimuru teaNairobi securities exchange listedUnilever tea kenyaProfit warningTea pricesKenyan teaநைரோபி பரப்பளவுகேந்ய தேநீர் வளர்ச்சி அதிகாரம்மைய வங்கிநைரோபி பத்திரங்கள் பரிமாற்றம் பட்டியலிடப்பட்டுள்ளதுயூனிலீவர் தேநீர் கேந்யப்ராஃபிட் எச்சரிக்கைதேநீர் ப்ரைஸஸ்

BAT shakes off Covid-19 fallout as profit up 42pc

BAT shakes off Covid-19 fallout as profit up 42pc
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

Nairobi areaUnited statesMutahi kagweHealth cabinetInternational institute for legislative affairsBritish american tobaccoNairobi securities exchangeAmerican tobaccoNairobi securities exchange listedInternational instituteLegislative affairsநைரோபி பரப்பளவுஒன்றுபட்டது மாநிலங்களில்ஆரோக்கியம் மந்திரி சபைசர்வதேச நிறுவனம் க்கு சட்டமன்றம் வாழ்க்கைத்தொழில்கள்பிரிட்டிஷ் அமெரிக்கன் புகையிலை

Standard Bank gets more time to buy Stanbic shares

Standard Bank gets more time to buy Stanbic shares
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

Nairobi areaSouth africaStanbic holdingsStanbic africa holdings limitedStanbic holdingAfrica standard bankStandard bankNairobi securities exchange listedநைரோபி பரப்பளவுஸ்டான்பிக் ஹோல்டிங்ஸ்ஸ்டான்பிக் வைத்திருத்தல்தரநிலை வங்கிநைரோபி பத்திரங்கள் பரிமாற்றம் பட்டியலிடப்பட்டுள்ளது