Category: HalfYear
-
Vivo Energy half-year sales drop by Sh2bn amid record fuel prices
•
Vivo Energy’s revenue in the Kenyan market fell by $16 million (Sh2.06 billion) in the first half of 2024, as record high fuel prices hit demand. The multinational said its Kenyan unit generated revenue of $769 million (Sh99.16 billion) during the six months, compared to $785 million (Sh101.22 billion) a…
-
Kenya Re half-year profit dips 10pc on forex losses
•
Kenya Re’s net profit in the six months to June fell 10 percent to Sh1.06 billion, as foreign exchange losses eroded higher income from reinsurance and local investments. The Nairobi Securities Exchange-listed reinsurer reported a net foreign exchange loss of Sh800.25 million in the period, compared to a profit of…