Kenya's BOC 2011 pretax profit up on plant upgrade
Fri, 02 Mar 2012 14:06
BOC, a subsidiary of Germany's Linde, said in a statement that pretax profit rose to 214.9 million shillings ($2.58 million), while turnover was up 4 percent to 1.21 billion shillings.
Earnings per share rose to 7.71 shillings from 4.06 shillings in 2010. The firm will pay a final dividend of 4.80 shillings from 1.40 shillings, it said.
"The increase in turnover was achieved in the face of logistical challenges, including congestion at Mombasa's port facilities, and persistent shortages of liquefied petroleum gas (LPG) in the domestic market," the statement said.
Traffic through Mombasa port is watched as an indicator of activity in the region's economies. Apart from Kenya, it handles cargo to and from Uganda, Burundi, Rwanda, South Sudan, eastern Democratic Republic of Congo and Somalia.
Congestion at Kenya's main jetty at the port of Mombasa slows down ships docking there, and the government plans to build a new one to ease the backlog.
BOC's stock was down 3.4 percent on Friday to 115 shillings.
- Building the Great Wall of Lagos -Mon, 15 Jul 2013
- 28 February - JSE Markets Wrap - Richard Hirsch - Standard Bank -Mon, 28 Feb 2011
- 11 March - Nigerian Markets Wrap - Bankole Odusanya - UBA -Fri, 11 Mar 2011
- 28 February - Kenyan Markets Wrap - Isaac Njuguna - Zimele -Mon, 28 Feb 2011
- Omnia Annual Results with CEO Rod Humphris-Tue, 26 Jun 2012
- World Bank’s Report on Doing Business in Kenya-Tue, 26 Jun 2012
- Transnet R33bln Investment into Port Terminals-Tue, 26 Jun 2012
- Future of the JSE's AltX with Nicole Cheyne-Mon, 25 Jun 2012
- Nigeria CPI eases to 12.7% in May-Tue, 19 Jun 2012