wazua Tue, Mar 31, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages123>»
Total Kenya profit falls by 96%
Options
Previous Topic · Next Topic
dunkang
#1 Posted : Wednesday, March 28, 2012 10:33:32 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
LINK: Today's Newspaper

(Reuters) - Fuel marketer Total Kenya posted a 96 percent drop in full-year profit to 58 million shillings ($697,700), and blamed a weakening Kenyan shilling against the dollar, inflation and price caps introduced in the sector in December 2010.

Total Kenya said in a statement published in newspapers on Wednesday that cost of sales rose by 49 percent during the year, but the company was unable to pass on these costs to the consumer as a result of the price controls.

Inflation and a weaker shilling also added to operating costs, the firm said.

Total Kenya said it would not pay a dividend for the year.

Am finished!
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
  |
GGK
#2 Posted : Wednesday, March 28, 2012 10:44:21 AM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
I thought Total made a loss of Sh71.4 million loss for the full year ended Dec 2011,

The loss is down from the Sh916 million net profit the company made in the previous year
"..I am because we are. "― Ubuntu, Umtu,
Back to top
  |
mkonomtupu
#3 Posted : Wednesday, March 28, 2012 11:03:55 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
once upon a time they used to pay 2.50 dividend now they struggle with finance costs up 63% @dunkang cut your losses and run
Back to top
  |
dunkang
#4 Posted : Wednesday, March 28, 2012 11:09:23 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
mkonomtupu wrote:
once upon a time ..... @dunkang cut your losses and run


@Empty Handed, its only 1.46% in my current portfolio. So, i will just hold on, waiting for a miracle from Turkana Oil Fields in 2015.


@GGK, i think this reuters reported PBT. Am not sure though.
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
  |
hisah
#5 Posted : Wednesday, March 28, 2012 11:47:36 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I hope it can slide to 10 levels smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
GGK
#6 Posted : Wednesday, March 28, 2012 11:51:08 AM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
dunkang wrote:
mkonomtupu wrote:
once upon a time ..... @dunkang cut your losses and run


@Empty Handed, its only 1.46% in my current portfolio. So, i will just hold on, waiting for a miracle from Turkana Oil Fields in 2015.


@GGK, i think this reuters reported PBT. Am not sure though.


on Business Daily Africa, they are reporting a loss of 71 million, Which I doubt can be oz of taxes. If PBT is 0Ksh, PAT will be 0Ksh I thought
"..I am because we are. "― Ubuntu, Umtu,
Back to top
  |
dunkang
#7 Posted : Wednesday, March 28, 2012 12:06:55 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
From Reuters, here is the Link:

http://af.reuters.com/ar...s/idAFN6E8CQ01V20120328

From Business Daily, here is the Link:

http://www.businessdaily.../-/hhc48kz/-/index.html

Wangwana, nini hii?
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
  |
Aguytrying
#8 Posted : Wednesday, March 28, 2012 8:31:33 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
And to imagine some were critiquing kenol kobil s results . I hope now people understand the phenomenal achievement for kk in 2011.
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
  |
digitek1
#9 Posted : Wednesday, March 28, 2012 8:48:20 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
total used to have the highest dividend yield awhile back.
it seems the chevron deal hit hard
I may be wrong..but then I could be right
Back to top
  |
dunkang
#10 Posted : Thursday, March 29, 2012 11:17:34 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
And here comes the official report;

http://www.nse.co.ke/med...-year-ended-dec-31-2011

What a shame!
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
  |
6 Pages123>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.