News from African stock market traded companies
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Nov 27, 2023 –
What was the primary reason for the reduction in profitability as indicated in Terra Mauricia Ltd’s Q32023 interim report? The main reason for reduction in the company’s profits in Q3 2023 was the heavy losses incurred by its associate in Côte d’Ivoire, coupled with higher finance costs.
Articles | Mauritius | Agricultural
Nov 14, 2023 –
What factors contributed to the significant increase in revenue for the Nairobi Business Venture Limited in the period from April to September 2023? The dramatic rise in revenue is chiefly attributed to a surge in sales in the trading business, stemming from increased orders for chemical products. Furthermore, there was …
Articles | Kenya | Retail
Nov 14, 2023 –
What is the strategic goal of Safaricom? Safaricom’s strategic goal is to become a purpose-led technology company by 2025, focusing on leveraging technology and driving customer innovation to provide relevant products, services and solutions. The company also aims to promote a cash-lite economy, deepen financial inclusion, and contribute to digital …
Articles | Kenya | Technology
Nov 14, 2023 –
What were the key factors that impacted the Group’s financial performance in the first quarter of the financial year, and what is their outlook for the future? The Group’s financial performance in Q1 2024 was significantly impacted by having over 20% of its room inventory unavailable for sale due to …
Articles | Mauritius | Tourism
Nov 14, 2023 –
What were the key drivers for The United Basalt Products Ltd.’s transition from a loss in 2022 to a profit in the recent quarter? The key drivers for the company’s transition to profit include an 11.6% increase in group revenue, a significant contribution from the FAST subsidiary, increased selling prices …
Articles | Mauritius | Building & Associated
Nov 14, 2023 –
What is the key takeaway from BMH Ltd.’s Q3 2023 interim report? The key takeaway from BMH Ltd.’s Q3 2023 interim report is the company’s strong financial performance, particularly the increased revenue, improved EBITDA and operating profit, and considerably higher post tax profits compared to the previous year. Also noteworthy …
Articles | Mauritius | Tourism
Nov 14, 2023 –
What progress has KenGen seen in the face of economic and environmental challenges, and what is a notable achievement mentioned for the past year? Despite facing economic and environmental challenges, including a significant drought, KenGen has successfully navigated these issues and achieved strategic progress, including a 5.8% increase in power …
Articles | Kenya | Energy
Nov 14, 2023 –
What is the insight about the Group’s overall performance during this fiscal period? The Group’s overall performance was mostly positive, with significant growth in income, EBITDA, and in certain sectors like Property and Leisure. However, the net profit for the period was lower primarily due to the timing of a …
Articles | Mauritius | Investment
Nov 14, 2023 –
What significant impact did policy interventions implemented in June 2023 have on the business environment? The policy interventions resulted in stabilized exchange rates, tighter local currency liquidity and increased the use of foreign currency for domestic transactions, providing a more stable business environment.
Articles | Zimbabwe | Beverages
Nov 13, 2023 –
What was the impact of the change in recognizing the impairment loss on the company’s financials? The change increased the operating loss by 43% and the loss after tax by 45%. It also caused the company’s earnings per share to drop from UGX (49.1) to UGX (74.1).
Articles | Uganda | Paper & Packaging
Nov 13, 2023 –
What are the key financial results in this report for Swaziland Property Investment Limited in 2023? The key financial results include an increase in rental income to E24.8 million and overall revenue to E26.7 million following the acquisition of Matata Properties. However, expenses also increased due to inflation-related costs and …
Articles | Eswatini | Property
