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Railways Profitable Atlast
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dunkang
#1 Posted : Sunday, September 30, 2012 3:58:42 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Reli made 1.2 billions kes for the year ending Dec 2011 (according to sub-standard online).
This must be cooked with the help of centum, why do they take 10 months to release unaudited results?
Ayiiiiii.
Receive with simplicity everything that happens to you.” ― Rashi

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mlennyma
#2 Posted : Sunday, September 30, 2012 5:55:11 PM
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Joined: 7/21/2010
Posts: 6,185
Location: nairobi
If cooked the biggest chef of this could be transcentury.
"Don't let the fear of losing be greater than the excitement of winning."
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dunkang
#3 Posted : Sunday, September 30, 2012 6:03:49 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
mlennyma wrote:
If cooked the biggest chef of this could be transcentury.

my sincere apologies, trancentury it is.
Receive with simplicity everything that happens to you.” ― Rashi

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Impunity
#4 Posted : Sunday, September 30, 2012 10:25:20 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
dunkang wrote:
mlennyma wrote:
If cooked the biggest chef of this could be transcentury.

my sincere apologies, trancentury it is.


Link?
I hope they will soon list.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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VituVingiSana
#5 Posted : Monday, October 01, 2012 2:06:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,136
Location: Nairobi
KRC is not the same as RVR. Two different entities.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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poundfoolish
#6 Posted : Monday, October 01, 2012 7:52:01 AM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
one RVR, was sold the chuma nyembamba only, KRC was given all assets, i.e land and property along the rails..

me thinks, that was one of the few times the GoK was smart...
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dunkang
#7 Posted : Monday, October 01, 2012 7:59:57 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
VituVingiSana wrote:
KRC is not the same as RVR. Two different entities.

so you are saying tranny has nothing to claim from the 1.2B/-.
Where did KRC get all that money, demolition if Muthurwa since all the trains were leased to rvr.
Receive with simplicity everything that happens to you.” ― Rashi

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StatMeister
#8 Posted : Monday, October 01, 2012 8:39:33 AM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
poundfoolish wrote:
one RVR, was sold the chuma nyembamba only, KRC was given all assets, i.e land and property along the rails..

me thinks, that was one of the few times the GoK was smart...


KR also owns the rails, they lease them out to RVR (which owns the commercial wagons and engines)
A bad day fishing is better than a good day at work
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dunkang
#9 Posted : Monday, October 01, 2012 9:31:36 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Impunity wrote:

Link?
I hope they will soon list.

http://www.standardmedia...fts-it-to-profitability
The State-owned Kenya Railways
Corporation (KRC) says it made a
profit of Sh1.2 billion for the
financial year ended December
31,2011
This is compared to a loss of
Sh2.1 billion in the previous year.
In a statement yesterday,
Chairman General (Rtd) Jeremiah
Kianga said the corporation’s
turnaround began in 2007 after
the adoption of a new strategic
plan. “Since then the Corporation
has never looked back,” he said.
“The improved performance
therefore is really a factor of
strict adherence to business
principles and the support of the
Government.”
Receive with simplicity everything that happens to you.” ― Rashi

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dunkang
#10 Posted : Monday, October 01, 2012 9:31:59 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Impunity wrote:

Link?
I hope they will soon list.

http://www.standardmedia...fts-it-to-profitability
The State-owned Kenya Railways
Corporation (KRC) says it made a
profit of Sh1.2 billion for the
financial year ended December
31,2011
This is compared to a loss of
Sh2.1 billion in the previous year.
In a statement yesterday,
Chairman General (Rtd) Jeremiah
Kianga said the corporation’s
turnaround began in 2007 after
the adoption of a new strategic
plan. “Since then the Corporation
has never looked back,” he said.
“The improved performance
therefore is really a factor of
strict adherence to business
principles and the support of the
Government.”
Receive with simplicity everything that happens to you.” ― Rashi

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