profits Archives – CEO East Africa

dfcu Bank to pay final dividend of UGX 6.8 billion to shareholders in August as profits rise to UGX 34 billion

by Paul MurungiIndustry & Analysis News & Analysis The Big StoryJuly 13, 2024July 14, 2024

dfcu Bank is set to pay a final dividend of UGX 6.8 billion to its 3,851 shareholders by August 31st after the Board of Directors made a final approval at the Annual General Meeting held at Hotel Africana on Thursday this week. Speaking on behalf of the Board of Directors, Mr Jimmy Mugerwa, the Chairman Board said the bank upheld…

Equity Group reports strong financial recovery with Kshs.16 billion profit in first quarter results

by Paul MurungiFinance News & Analysis The Big StoryMay 15, 2024May 15, 2024

Equity Group Holdings has bounced back stronger, recording Kshs.16 billion (USD 122 million) in profit after tax in the first quarter after reporting a 5% decline in profits for the year ended 31st December 2023. The Kshs. 16 billion profit is a 25% jump compared to a similar period last year. Differentiated strong leadership decision making, and an agile balance…