Just two days after closing the register to commence a rights issue, Uchumi issued profit warning indicating that profits will fall short of previously expected levels or losses will be larger than expected for their year which ended on June 30 2005.
The nationwide housing & building construction boom combined with the availability of constituency development funds led to an after tax profit of 608 million at the East African Portland Cement. But turning a foreign currency loss of 638m 04 to a 200m shilling gain in 2005 is the main reason for shareholders to be happy for their Kshs 2.50 dividend.
Banks must publish their half-year results by August 31 and so far the top banks are as follows, with CBA, CFC, Imperial, Paramount, HFCK and Stanbic and Universal still waiting for the deadline.
Bank (profit before tax in millions of shillings)
Mumias will announce their annual results tomorrow, after which will come results from East African Breweries and ICDCI