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Carbacid set to breach deadline for BOC takeover
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THE STANDARD
BUSINESS
BOC Managing Director Marion Mwangi. The firm’s turnover rose to Sh1.1 billion. [Wilberforce Okwiri, Standard]
The increased demand for medical oxygen saw BOC Kenya post 82 per cent rise in net profit for the financial year ended December 2020.
The full year net profit stood at Sh101.6 million - nearly doubling from Sh55.9 million posted the previous year. Turnover rose 12.7 per cent to Sh1.1 billion up from Sh975 million in 2019, its recent financials showed.
“The upside in the results for the full year was primarily from medical gases, a revenue stream that has shown consistent growth over many years due to increased investments in both public and private sector healthcare facilities,” the company said.
Imperial Bank directors block CMA probe into Sh2bn bond
Thursday April 15 2021
By OTIATO GUGUYU
Summary
Imperial Bank directors have stopped the Capital Markets Authority (CMA) from pursuing them over the Sh2 billion corporate bond that the lender issued a month before it was placed in receivership.
The eight directors have blocked investigations through the CMA tribunal on grounds the probe team will be impartial.
Imperial Bank directors have stopped the Capital Markets Authority (CMA) from pursuing them over the Sh2 billion corporate bond that the lender issued a month before it was placed in receivership.
The eight directors have blocked investigations through the CMA tribunal on grounds the probe team will be impartial.