collected by :Victor Alphen
BAT Kenya Managing Director Beverly Spencer – Obatoyinbo tells the environment was characterized with hight user inflation, a prolonged political disruption & the menace posed with smuggled cigarettes between others.
The company’s internet income chock Sh18.7 billion, When its earnings per share for the year dropped with -21.2 % to Sh33.4 percent.
Its contribution to Gov revenues too dropped with -7.4 % to Sh18 billion, When cash generated from operations dropped to Sh6.4 billion.
“This year, we are too hoping to get back to our position prior to the excise hike of 2015.”“The tax environment has been extremely unpredictable in the final 2 years.
We would such as to encourage the Gov to have a have aTry & make it predictable as it gives the industry time to plan.”
Segro 2017 profit further than doubles
Segro PLC (SGRO.LN) told Friday which pretax profit for 2017 further than doubled thanks to rental development & acquisitions of developments.
The property-investment Corporation made a profit of 976.3 mn pounds ($1.37 billion) in 2017 compared with GBP426.4 mn the year earlier.
Gross rental revenue rose to GBP272.9 mn from GBP225.5 million.
The FTSE 100-listed Corporation lifted its dividend with 6.1%, to 11.35 pence a share from 10.70 pence in 2016.
He told the prospects for rental growth, particularly in the U.K., remember good, & rental values are getting better in Segro’s Continental Europe urban warehouse portfolio.
Renault reappoints chief executive officer Ghosn as 2017 profit jumps
referring to Renault SA (RNO.FR) told Friday which internet profit soared in 2017, a day after the Corporation expanded the contract of its chief executive, Carlos Ghosn.
Ahead of earnings late Thursday, Renault expanded Mr. Ghosn’s contract for 4 years & appointed Thierry Bollore as chief operating officer.
The fresh contract going to mean a 30% pay cut for Mr. Ghosn, which he attributed to changes in his role.
Renault holds a 43% stake in Nissan, which holds a 15% stake in Renault & a 34% stake in Mitsubishi Motors Corp (7211.TO).
In Russia, operating profit at Renault’s business there, Avtovaz (AVAZ.MZ) — the producer of Lada cars–amounted to EUR55 mn in 2017, the French Corporation said.
Rising unit income powers Air France-KLM profit up 42% in 2017
Air France-KLM has credited a height in unit income with driving a 42% promote in operating profit to €1.49 bn ($1.86 billion) final year.
It notes which the 2% promote in unit income contributed €447 mn to the operating result, When capacity development added a more €28 million.
An promote in unit cost was a €20 mn drag on the operating result, When currency impact subtracted €119 million.
Transavia transformed its 2016 breakeven into a €81 mn operating profit.
Still, Air France-KLM “closed 2017 with powerful results boosted with a leverage business environment”, states group chief executive Jean-Marc Janaillac.