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Co Opearative bank FY 12 Results
Ericsson
#11 Posted : Thursday, February 28, 2013 12:31:34 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
Multiply the figure by 3.78
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
bartum
#12 Posted : Thursday, February 28, 2013 12:58:45 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Ericsson wrote:
Multiply the figure by 3.78

how much is share from associate,the real figures
bartum
#13 Posted : Thursday, February 28, 2013 1:00:23 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Ericsson wrote:
Multiply the figure by 3.78

how much is share from associate,the real figures
Ericsson
#14 Posted : Thursday, February 28, 2013 1:00:52 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
Share of associate is at ksh.383 million
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
bartum
#15 Posted : Thursday, February 28, 2013 1:24:58 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Ericsson wrote:
Share of associate is at ksh.383 million

is it true to conclude that cic pbt is 1.45b
Ericsson
#16 Posted : Thursday, February 28, 2013 1:31:03 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
Yes it is but to be on the safe wait for the official announcement from CIC in the coming days.They are to announce befoe the end of March 2013
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
PKoli
#17 Posted : Thursday, February 28, 2013 2:07:13 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Ericsson wrote:
Share of associate is at ksh.383 million


What is the contribution of Coop Holding and Kingdom securities to the bottomline? How do they compare with CIC?
bartum
#18 Posted : Thursday, February 28, 2013 2:30:27 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
PKoli wrote:
Ericsson wrote:
Share of associate is at ksh.383 million


What is the contribution of Coop Holding and Kingdom securities to the bottomline? How do they compare with CIC?

is kingdom sec a subsidiary or associate
Ericsson
#19 Posted : Thursday, February 28, 2013 2:31:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
Associate is CIC only.
Kingdom securities is fully owned by Co-op bank.
Last year the share os associate was around ksh.154 million which was equivalent to the 26.44% that Co-op owns in the Insurance Company.
100% gave ksh.605million which was the full year profit of CIC.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
PKoli
#20 Posted : Thursday, February 28, 2013 2:37:14 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Ericsson wrote:
Associate is CIC only.
Kingdom securities is fully owned by Co-op bank.
Last year the share os associate was around ksh.154 million which was equivalent to the 26.44% that Co-op owns in the Insurance Company.
100% gave ksh.605million which was the full year profit of CIC.


@Ericsson: Many thanks. Looks this year CIC will announce good results. Just wondering how they make this when HY results were not impressive!
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