BOC Kenya improves profitability


BOC Kenya has recorded a 15 per cent growth in profitability for the financial year ending 30 September.

Profit before tax leaped to $4.6m from $4m, while turnover was up by 12 per cent to $15m from $13.7 million the previous year.

Improved profitability was buoyed by growth of manufacturing and construction sectors. An increase of financial allocations in the medical sector also boosted earnings.

“Turnover growth was supported by growth in key sectors of the economy that we service and improved sales from new products that were launched in the 2005 financial year”, firmed managing director John Kariuki.

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