Dividend - KES 0.30 per share. .... Paying dividend yet their accumulated losses now stand at KES 392,653,000

BD grossly mis-reported on Uchumi. Very disappointed (again).

Uchumi share is holding so well so far.

Things are not that bad. The gross profit actually grew by almost 900 Million but was eaten up by operational costs (Please read opening of 5 new branches = investment)

ASK concludes :The Expansion has crimped Profits a Little but looking through the Headline Numbers This is a Company that has been tidied up, rehabilitated, resurrected and repositioned for Growth.
They also have unhindered Access to the Capital Markets unlike Nakumatt who have Challenges in that Regard.

There are no accumulated losses, in fact they have reserves of KES1.3bn. What has made Uchumi not to pay dividends is not the accumulated losses but the cash position, as at end of June they had overdrafts of Kes437M.