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E.A Cables Ltd. 18 for each cent decrease for the year followed disruptions to the business's business in the beginning of the yr introduced about by the aftermath of publish election violence and the constant depreciation of the regional currencies towards the greenback with the Tanzania subsidiary in particular suffering a large strike. Pre-tax earnings had been down for the yr from KES 670 million in 2008 to KES 526 million.
KPLC Ltd. was up 29 per cent for the yr with pre-tax earnings up 75 for each cent rising to KES 4.eight billion from KES 2.7 billion the prior year whilst the dividend for each share for the same time period doubled from KES four to KES eight. Investors seemed to have taken nicely plans by the company to restructure its money base via conversion of authorities owned preference read more shares into normal shares and to float a share legal rights issue to raise in between KES 7 billion and KES 10 billion. This was regardless of the dilution of current share possession that would follow this kind of a transfer.
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