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CIC Insurance will close its shareholder register on Friday as it consolidates it ahead of a share split where 90 million units will be divided into 20 parts to create 1.8 billion.
The deadline for suspension of CMC trading at the bourse is expected to lapse with all indications being that it will be extended as the Capital Markets Authority (CMA) goes through the findings of the ongoing forensic audit.
In FY11, Rea Vipingo plantations Ltd. posted 597% jump in PAT. Turnover rose to KES 2.1 billion from KES 1.4 in the same period prior year, owing to improved production as well as favourable exchange rates. Foreign exchange gains advanced to KES 5.6 million, up 40% versus Sept 2010.
Williamson tea realized KES 145 million from the sale of its investment in Williamson House. The two companies’ performance was boosted by favourable exchange rates and improved tea prices realized in the first half of the year.
InQ3:11 results, NIC Bank posted 29% y/y jump in pre-tax profit to KES 2.58Bn helped by 25%y/y growth in Net Interest Income. The Net interest income rose to KES 2.98Bn due to 42%y/y growth in loans and advances (reflecting a 23% growth in interest income on loans and advances).
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