29th March 2017 Investment Market Report and Results

Overall Stock Market Report

The NSE 20 Share Index went up 0.62% to stand at 3,128.44points. The NSE 25 Share Index was higher by 4.86 points to settle at 3,473.78 points while NASI shed 0.69% to stand at 130.61 points. Market turnover edged up by 2.02% from KES 491.49Mn to KES 501.39Mn while Volumes dropped by 1.54% to 25.90Mn to 26.63Mn. Market Capitalization shrunk by 0.69% from 1893.44Bn to 1906.65Bn

Total Kenya 2016 Annual Report (2.2Bn 38% Profit Increase)

Total Kenya announced a FY-2016 profit of KES 2.2Bn from KES 1.6Bn a 38% increase. Sales recorded a 26% drop to KES 89Bn due to a drop in international oil prices. The company’s cost of sales reduced by 28.3% to KES 81Bn leading to a 12% growth in gross profit margin to 8.82%. Stability of the Kenyan Shilling led to a 93.3% decline in forex loss from KES 320Mn to 21.5Mn hence reducing its expenses... The firm declared a 37% increase in dividend to KES 1.06 from KES 0.77 of the previous year. The leading oil and gas marketer moved a total of 25,700 shares at a gaining price KES 19.45 from KES18.10.

Sameer Africa 2016 Report (Loss 652.1Mn -40.66% Loss Increase)

Sameer Africa Ltd reported a 40.66% increase in loss for FY-2016 from KES 15.72Mn to KES 652.1Mn attributed to the closure of its tyre factory leading to a one-off cost of KES 877Mn.The cost led to an operating loss of 0.8Bn. Revenue declined by 17% to KES 2.9Bn from KES 3.4Bn due to tight liquidity that restricted sales in the key markets. This caused a 31% drop in sales through dealer channels and a 68% shrink in export sales following a hard currency shortage in key areas of export. The firm’s shareholders’ funds declined by 26% due to a decline in retained earnings. The group managed to reduce its operating expenses by 2.06% maintaining at KES 897Mn. It saw a 6.7% increase in its share price from KES 3.00 to KES 3.20.

Kakuzi Ltd 2016 Report (562Bn Profit 22.34% Increase)

Kakuzi Ltd registered a Net profit of KES 562Mn for FY-2016, 22.34% higher than KES 459Mn for FY-2915. Favourable market demand for their core products resulted to improved revenue of KES 2.65Bn from 2.5Bn. The company declared a KES 6.00 dividend compared to KES 5.00 in 2015. However its share price stalled at KES 300.00.