@BdAfrica

Defunct refinery costs eat into KenolKobil's 2017 earnings - 14 Mar 2018 14:39

Mugambi Mutegi

Oil marketer KenolKobil’s #ticker:KENO net profit for the full year to December remained flat at Sh2.4 billion as one-off costs ate into the benefits that accrued from increased sales. The listed firm, which released its financials Wednesday, says the non-recurring charges of Sh1.3 billion cut back gains from a Sh55.2 billion increase in revenue to Sh158.7 billion. These one-off costs included a final Sh570.2 million impairment the oil marketer has been writing off as losses accrued from the defunct Kenya Petroleum Refineries Ltd (KPRL). “We expect no further provisions or expenses related to these matters. Absent these one-off costs, the business would have registered a net profit or about Sh3.4 billion,” David Ohana, the firm’s managing director, stated. The firm has for the past three years been writing off a Sh1.8 billion debt owed by the defunct refinery in an attempt to clean-up its books and boost the company’s future ...
Read More


Category: business lifestyle news opinion markets corporate economy

Item ID: 95366243-ebed-4c96-a12a-d534d332f6e5

kadiNewsItemCategoryList
  1. newsPriority: 16,258.54
  2. calculatedNewsPriority: 16,484.74
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: business
  6. title:

  1. newsPriority: 16,258.54
  2. calculatedNewsPriority: 16,484.74
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title:

  1. newsPriority: 16,258.54
  2. calculatedNewsPriority: 16,484.74
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: news
  6. title:

  1. newsPriority: 16,258.725
  2. calculatedNewsPriority: 16,484.925
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title:

  1. newsPriority: 16,258.775
  2. calculatedNewsPriority: 16,484.975
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title:

  1. newsPriority: 16,259.657
  2. calculatedNewsPriority: 16,485.857
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title:

  1. newsPriority: 16,258.835
  2. calculatedNewsPriority: 16,485.035
  3. description:
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title:

compoundTime
  1. timeLastCalculatedUpdate: Mar 14, 2018 2:39:24 PM
  2. timeModifiedAsFromUser: Mar 14, 2018 10:53:16 AM
  3. timeCreatedAsFromServer: Mar 14, 2018 2:39:24 PM
  4. timeUpdatedAsFromUser: Jan 20, 2019 10:00:12 AM
  5. timeCreatedAsFromUser: Mar 14, 2018 11:06:22 AM
  6. timeUpdatedAsFromServer: Jan 20, 2019 10:00:12 AM
  7. timeModifiedAsFromServer: Mar 14, 2018 2:39:24 PM

Suggested

1 hours ago, 14:03
Emirates offers Nairobi – Dubai return ticket for Sh34,000

, NAIROBI, Kenya, Mar 26 – Emirates is offering a special roundtrip to Dubai for Kenyan customers which includes a complimentary hotel stay for the first night and bonus Skyward miles for passengers ...

Category: business

Item ID: ea062173-e380-4468-9966-5e6100866e4b

kadiNewsItemCategoryList
  1. newsPriority: 0.021
  2. calculatedNewsPriority: 0.021
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.capitalfm.co.ke/business/
  5. name: business
  6. title: Business News

compoundTime
  1. timeLastCalculatedUpdate: Mar 26, 2019 2:03:00 PM
  2. timeCreatedAsFromServer: Mar 26, 2019 2:03:00 PM
  3. timeUpdatedAsFromUser: Mar 26, 2019 2:04:45 PM
  4. timeCreatedAsFromUser: Mar 26, 2019 10:51:35 AM
  5. timeUpdatedAsFromServer: Mar 26, 2019 2:04:45 PM
3 hours ago, 12:13
Casinos, cars targeted in war on dirty money

Casinos, land and luxury vehicle transactions are set to come under close scrutiny as the State moves to close loopholes that criminals and corruption cartels use to launder illicit cash. A ...

Category: business lifestyle topnews markets news corporate economy opinion

Item ID: 88cdf9a8-319d-46c6-95fc-da745d2699e7

kadiNewsItemCategoryList
  1. newsPriority: 0.001
  2. calculatedNewsPriority: 0.034
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: business
  6. title: Business News

  1. newsPriority: 0.041
  2. calculatedNewsPriority: 0.074
  3. description: View the latest Lifestyle News
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title: LifeStyle News

  1. newsPriority: 0.089
  2. calculatedNewsPriority: 0.122
  3. description: View the latest and breaking Top News
  4. parsedURL: http://www.nation.co.ke/
  5. name: topnews
  6. title: Top News

  1. newsPriority: 0.051
  2. calculatedNewsPriority: 0.084
  3. description: View the latest and breaking Market News
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title: Markets News

  1. newsPriority: 0.001
  2. calculatedNewsPriority: 0.034
  3. description: View the latest and breaking News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: news
  6. title: News

  1. newsPriority: 0.041
  2. calculatedNewsPriority: 0.074
  3. description: View the latest and breaking Corporate News
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title: Corporate News

  1. newsPriority: 0.031
  2. calculatedNewsPriority: 0.064
  3. description: View the latest and breaking news on Economy & Money
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title: Economy News

  1. newsPriority: 0.051
  2. calculatedNewsPriority: 0.084
  3. description: View the latest Opinions from policy makers
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title: Opinions

compoundTime
  1. timeLastCalculatedUpdate: Mar 26, 2019 12:13:34 PM
  2. timeModifiedAsFromUser: Mar 26, 2019 8:34:15 AM
  3. timeCreatedAsFromServer: Mar 26, 2019 12:13:07 PM
  4. timeUpdatedAsFromUser: Mar 26, 2019 12:13:34 PM
  5. timeCreatedAsFromUser: Mar 26, 2019 8:28:04 AM
  6. timeUpdatedAsFromServer: Mar 26, 2019 12:13:34 PM
  7. timeModifiedAsFromServer: Mar 26, 2019 12:13:00 PM
1 hours ago, 13:23
Uber to buy Mideast rival Careem for $3.1 bn

, , Global ride-hailing service Uber will acquire its Middle East rival Careem for $3.1 billion, the two companies announced on Tuesday. “Careem and Uber are joining forces. We have reached an ...

Category: business

Item ID: 8df3b048-8aaa-4ed0-a5ad-9b7ec54336cb

kadiNewsItemCategoryList
  1. newsPriority: 0.036
  2. calculatedNewsPriority: 0.036
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.capitalfm.co.ke/business/
  5. name: business
  6. title: Business News

compoundTime
  1. timeLastCalculatedUpdate: Mar 26, 2019 1:23:00 PM
  2. timeModifiedAsFromUser: Mar 26, 2019 10:10:19 AM
  3. timeCreatedAsFromServer: Mar 26, 2019 1:23:00 PM
  4. timeUpdatedAsFromUser: Mar 26, 2019 1:26:48 PM
  5. timeCreatedAsFromUser: Mar 26, 2019 10:09:37 AM
  6. timeUpdatedAsFromServer: Mar 26, 2019 1:26:48 PM
  7. timeModifiedAsFromServer: Mar 26, 2019 1:23:00 PM
3 hours ago, 11:35
Ex-Kenya Power bosses out of Stima Sacco board

The Commissioner of Co-operatives, Mary Mungai, has suspended the national chairman of Stima Sacco and two other board members who are facing corruption cases related to their former roles at Kenya ...

Category: business news corporate lifestyle economy opinion markets

Item ID: e83d3fd2-5524-4f99-acd0-23edfa1eb207

kadiNewsItemCategoryList
  1. newsPriority: 0.001
  2. calculatedNewsPriority: 0.051
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: business
  6. title: Business News

  1. newsPriority: 0.001
  2. calculatedNewsPriority: 0.051
  3. description: View the latest and breaking News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: news
  6. title: News

  1. newsPriority: 0.041
  2. calculatedNewsPriority: 0.091
  3. description: View the latest and breaking Corporate News
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title: Corporate News

  1. newsPriority: 0.041
  2. calculatedNewsPriority: 0.091
  3. description: View the latest Lifestyle News
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title: LifeStyle News

  1. newsPriority: 0.032
  2. calculatedNewsPriority: 0.082
  3. description: View the latest and breaking news on Economy & Money
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title: Economy News

  1. newsPriority: 0.051
  2. calculatedNewsPriority: 0.101
  3. description: View the latest Opinions from policy makers
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title: Opinions

  1. newsPriority: 0.052
  2. calculatedNewsPriority: 0.102
  3. description: View the latest and breaking Market News
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title: Markets News

compoundTime
  1. timeLastCalculatedUpdate: Mar 26, 2019 11:35:30 AM
  2. timeModifiedAsFromUser: Mar 26, 2019 8:27:21 AM
  3. timeCreatedAsFromServer: Mar 26, 2019 11:32:59 AM
  4. timeUpdatedAsFromUser: Mar 26, 2019 11:35:30 AM
  5. timeCreatedAsFromUser: Mar 26, 2019 8:02:56 AM
  6. timeUpdatedAsFromServer: Mar 26, 2019 11:35:30 AM
  7. timeModifiedAsFromServer: Mar 26, 2019 11:32:55 AM
3 hours ago, 12:04
NBK issues profit warning on higher loan impairment and restructuring costs

National Bank of Kenya (NBK) has issued a profit warning for the financial year ended December 2018 citing higher loan impairment charges and restructuring costs. The Nairobi Securities Exchange ...

Category: topnews news business

Item ID: d3655be4-f023-4801-bf92-4ce29c923c9d

kadiNewsItemCategoryList
  1. newsPriority: 0.019
  2. calculatedNewsPriority: 0.069
  3. description: View the latest and breaking Top News
  4. parsedURL: http://www.nation.co.ke/
  5. name: topnews
  6. title: Top News

  1. newsPriority: 0.011
  2. calculatedNewsPriority: 0.061
  3. description: View the latest and breaking News
  4. parsedURL: http://www.nation.co.ke/business/996-996-x0uutpz/index.html
  5. name: news
  6. title: News

  1. newsPriority: 0.011
  2. calculatedNewsPriority: 0.061
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.nation.co.ke/business/996-996-x0uutpz/index.html
  5. name: business
  6. title: Business News

compoundTime
  1. timeLastCalculatedUpdate: Mar 26, 2019 12:04:38 PM
  2. timeModifiedAsFromUser: Mar 26, 2019 8:54:43 AM
  3. timeCreatedAsFromServer: Mar 26, 2019 12:03:39 PM
  4. timeUpdatedAsFromUser: Mar 26, 2019 12:04:38 PM
  5. timeCreatedAsFromUser: Mar 26, 2019 8:41:38 AM
  6. timeUpdatedAsFromServer: Mar 26, 2019 12:04:38 PM
  7. timeModifiedAsFromServer: Mar 26, 2019 12:03:02 PM
3 hours ago, 12:06
National Bank issues profit warning

National Bank of Kenya (NBK) has issued a profit warning for the financial year ended December 2018 citing higher loan impairment charges and restructuring costs. The Nairobi Securities Exchange ...

Category: business news lifestyle opinion corporate economy markets

Item ID: e3853c3b-cd34-434a-954e-10cbad096f8f

kadiNewsItemCategoryList
  1. newsPriority: 0.013
  2. calculatedNewsPriority: 0.063
  3. description: View the latest and breaking Business News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: business
  6. title: Business News

  1. newsPriority: 0.013
  2. calculatedNewsPriority: 0.063
  3. description: View the latest and breaking News
  4. parsedURL: http://www.businessdailyafrica.com/
  5. name: news
  6. title: News

  1. newsPriority: 0.045
  2. calculatedNewsPriority: 0.095
  3. description: View the latest Lifestyle News
  4. parsedURL: http://www.businessdailyafrica.com/lifestyle/547058-547058-1027qmj/index.html
  5. name: lifestyle
  6. title: LifeStyle News

  1. newsPriority: 0.055
  2. calculatedNewsPriority: 0.105
  3. description: View the latest Opinions from policy makers
  4. parsedURL: http://www.businessdailyafrica.com/analysis/539548-539548-bepu06/index.html
  5. name: opinion
  6. title: Opinions

  1. newsPriority: 0.045
  2. calculatedNewsPriority: 0.095
  3. description: View the latest and breaking Corporate News
  4. parsedURL: http://www.businessdailyafrica.com/corporate/539550-539550-75xmgez/index.html
  5. name: corporate
  6. title: Corporate News

  1. newsPriority: 0.055
  2. calculatedNewsPriority: 0.105
  3. description: View the latest and breaking news on Economy & Money
  4. parsedURL: http://www.businessdailyafrica.com/economy/3946234-3946234-65o5j7/index.html
  5. name: economy
  6. title: Economy News

  1. newsPriority: 0.055
  2. calculatedNewsPriority: 0.105
  3. description: View the latest and breaking Market News
  4. parsedURL: http://www.businessdailyafrica.com/markets/539552-539552-ujwmr5/index.html
  5. name: markets
  6. title: Markets News

compoundTime
  1. timeLastCalculatedUpdate: Mar 26, 2019 12:06:18 PM
  2. timeModifiedAsFromUser: Mar 26, 2019 8:54:25 AM
  3. timeCreatedAsFromServer: Mar 26, 2019 12:04:54 PM
  4. timeUpdatedAsFromUser: Mar 26, 2019 12:06:18 PM
  5. timeCreatedAsFromUser: Mar 26, 2019 8:41:38 AM
  6. timeUpdatedAsFromServer: Mar 26, 2019 12:06:18 PM
  7. timeModifiedAsFromServer: Mar 26, 2019 12:04:54 PM