BAT Kenya Plc (NSE: BAT) 1H19 Earnings Note
BAT Kenya announced 1H19 results, posting a 25.5% y/y rise in EPS to KES 25.28. Gross revenue grew 10.1% y/y to KES 19.2Bn, driven primarily by excise-led price increases which dragged cigarette volumes by 2.0% y/y especially in the export markets. The domestic market was subdued as a result of the slow business environment affecting consumer and business spending, coupled with the negative impact of the increasingly hard to wrestle illicit trade. An interim dividend of KES 3.50 per share was declared (same as 1H18), with books closure slated for 19th August 2019. This represents a trailing dividend yield of 6.9%.
Genghis Capital is an innovative and customer focused Investment Bank licensed by the Capital Markets Authority (CMA). Founded in 2008, Genghis is one of the leading investment banks in Kenya. Since its establishment, Genghis has achieved tremendous growth to offer a well-diversified portfolio of financial services that includes:
- i. Securities(Equity/Debt) Trading
- ii. Research
- iii. Wealth Management services
- iv. Investment Advisory & Management via the GenCap Unit Trusts
- v. Corporate Finance & Transaction Advisory services
The Kenyan Capital Markets continue to develop in size, scope and sophistication. With this is an increasing demand for more specialized and personalized brokerage service and we at Genghis Capital are glad to be able to offer you this service. Our strength lies in ensuring our clients are up to speed with developments at the stock market and the economy. Research and technology remains our competitive and comparative advantage hence Experience, Expertise and Professionalism are some of the qualities you can expect from our team.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.