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CMC Profit Warning
mukiha
#1 Posted : Wednesday, October 05, 2011 10:58:52 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
In today's Daily Nation, p34.

Profit for year ending 30 Sep 2011 will be more than 25% below the 2010 figure.

Reasons: Weak shilling, Ugandan elections and write off of bad debts.

Interesting out look: "Management has set a target of a net profit of KSh1b for year starting 1st Oct 2011"

I wish it was still trading; price would have fallen and I would have gone on a buying spree...
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
FUNKY
#2 Posted : Wednesday, October 05, 2011 11:26:14 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
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