Longhorn Publishers Plc will not pay dividends for FY21 to its shareholders even after posting a net profit of KSh15 million in the year ended December compared with a Ksh 145 million loss in 2020. Sadly for the shareholders, there is no certainty if the firm will pay a dividend. The improved growth in profit is being attributed to higher sales which surged to KSh960.9 million due to increased purchase of books and other learning materials. “Across our various markets, we have seen a gradual improvement in the trading environment which supported the overall positive half-year performance of the Group,”…
Author: David Indeje
David Indeje
David Indeje is the community engagement editor at Khusoko, a leading digital platform for East African business news. He oversees editorial content, drives audience engagement, and amplifies diverse voices. Indeje also consults on digital strategy for brands in agriculture, governance, technology, and health, while exploring AI’s impact on journalism. In addition, he serves as a communications officer at KICTANet, advancing digital inclusion and policy dialogue.
British American Tobacco Kenya Plc Thursday reported a net profit of Ksh 6.483 billion for the full year ended December 31, 2021, up 18 per cent year-on-year. This was attributed to the increase in net revenue and effective cost management and offset by higher corporation tax. “The growth in profitability is reflected in higher earnings per share aligned to our commitment to deliver sustainable shareholder value,” the company said. In addition, it said the easing of Covid-19 containment measures created a ‘more favourable trading environment compared to the prior year’. Its gross revenue increased by 3 per cent to Ksh…
Xiaomi Kenya, a sub-brand of Xiaomi Corporation, one of the world’s leading smartphone companies Thursday unveiled Redmi Note 11 Series in the Kenyan market – the Redmi Note 11 Pro, Redmi Note 11S and Redmi Note 11. The Redmi Note 11 series brings powerful upgrades to its camera system, charging speed, display and system on a chip (SoC) that enhances its smartphone performance more accessible than before. Redmi Note 11 Pro and Redmi Note 11S come in three variants 6GB+64GB, 6GB+128GB and 8GB+128GB while Redmi Note 11 comes in 4GB+64GB, 4GB+128GB and 6GB+128GB variants. All the variants of Redmi Note…
Multichoice says its DStv Premium subscribers can add Showmax as a value-added service at no additional charge. However, DStv Compact, Compact Plus, Family and Access subscribers get Showmax at a 50 per cent discount. “As our costs to operate the business increase, we need to adjust the prices of our packages,” DStv Kenya Tweeted Wednesday. https://twitter.com/WaithiraMatimu/status/1494011155060338690?s=20&t=iQ8mmFDpCoUtAGL72iPCnQ “We appreciate the feedback and acknowledge that Kenyan customers are under extreme pressure, and as such we have worked hard to keep the price increases as low as possible, while still ensuring we offer our customers the best quality service.” The announcement was made…
The bond came with a 12.96 percent tax-free interest
In 2020, Amboseli National Park welcomed its two sets of elephant twins, a male and a female named Amora and Aurora along with 229 other calves were born. However, Amora is dead according to The Amboseli Trust for Elephants who said the twins were feeling unwell before the male succumbed. “We regret to inform our followers that one of Angelina’s twins has a died. Both twins had been struggling for the past few months as they were not getting enough nutrition,” read the statement in part. According to the Trust, rains arrived late last year, leaving many young calves a…