Carbacid improve profit performance


According to The Standard newspaper, South African company, Carbacid Investment Limited registered an after tax profit of Sh126m during the year ended 31 July 2006.

The performance was an improvement over the after tax profit of Sh113m recorded last year, an increase of 11.5 per cent.

Earnings per share improved from Sh10.01 during the financial year ended 31 July 2005 to Sh11.18 during the period under review.

The directors have recommended a final dividend of Sh3 per share on the issued share capital payable to those registered at the close of business on November 2006. During the year under review, the firm, whose acquisition by BOC Gases Kenya still hangs in the balance, also registered an improved turnover, hitting a high of Sh318.975m from Sh271.688m in 2005.

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