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Grace Ndungu
  • Grace Ndungu

Kenya Airways Plc (NSE: KQ) 1H18 Earnings Note

Kenya Airways Plc (NSE: KQ) announced an improvement in 1H18 operating results. Loss before tax narrowed to KES 4.0Bn from KES 5.8Bn in 1H17mainly due to a 41.4% y/y cut in 'other costs', majority of which we attribute to interest expenses. The increase in global fuel prices during 1H18 (+12%) continued posing a challenge to operating results, with direct operating costs up 13.9% y/y mainly contributed by fuel costs which rose 16% y/y. However, overheads and other fleet costs declined 20.4% y/y ...

Grace Ndungu
  • Grace Ndungu

Kenya Airways Plc (NSE: KQ) 1H18 Earnings Note

Kenya Airways Plc (NSE: KQ) announced an improvement in 1H18 operating results. Loss before tax narrowed to KES 4.0Bn from KES 5.8Bn in 1H17mainly due to a 41.4% y/y cut in 'other costs', majority of which we attribute to interest expenses. The increase in global fuel prices during 1H18 (+12%) continued posing a challenge to operating results, with direct operating costs up 13.9% y/y mainly contributed by fuel costs which rose 16% y/y. However, overheads and other fleet costs declined 20.4% y/y ...

Grace Ndungu
  • Grace Ndungu

Kenya Airways Plc (NSE: KQ) 1H18 Earnings Note

Kenya Airways Plc (NSE: KQ) announced an improvement in 1H18 operating results. Loss before tax narrowed to KES 4.0Bn from KES 5.8Bn in 1H17mainly due to a 41.4% y/y cut in 'other costs', majority of which we attribute to interest expenses. The increase in global fuel prices during 1H18 (+12%) continued posing a challenge to operating results, with direct operating costs up 13.9% y/y mainly contributed by fuel costs which rose 16% y/y. However, overheads and other fleet costs declined 20.4% y/y ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

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