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E.A Cables Ltd. 18 for each cent decline for the year followed disruptions to the business's company in the starting of the yr brought about by the aftermath of post election violence and the continuous depreciation of the regional currencies towards the dollar with the Tanzania subsidiary in particular struggling a big hit. Pre-tax earnings were down for the year from KES 670 million in 2008 to KES 526 million.
KPLC Ltd. was up 29 for each cent for the year with pre-tax profits up seventy five per cent increasing to KES 4.eight billion from KES 2.seven billion the previous yr while the dividend for each share for the same time period doubled from KES 4 to KES eight. Investors appeared to have taken well ideas by the company to restructure its capital foundation through conversion of government owned choice shares into ordinary shares and to float a share legal rights issue to increase between KES 7 billion and KES 10 billion. This was regardless of the dilution of current share ownership that would adhere to this kind of a move.
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