Carbacid regional sales lift earnings to hit Sh411m
Carbacid Investments posted a 14 percent rise in net profit to Sh411.65 million in the half-year ended January on increased sales of carbon dioxide.
Source: businessdailyafrica.com
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Carbacid Investments posted a 14 percent rise in net profit to Sh411.65 million in the half-year ended January on increased sales of carbon dioxide.
The wait by Carbacid and its majority shareholder Baloobhai Patel to take over fellow listed industrial gases maker BOC Gases, has entered its third year.
Carbacid faced stiff competition from alcohol makers who harness carbon dioxide as a byproduct.