
Kakuzi Plc reported a net loss of KES 131.7 million for the financial year 2024, a decline from a profit of KES 453.5 million in 2023. This marks the company's first loss since 2005. Sales fell by 11.3% to KES 4.79 billion, while pre-tax profit dropped to a loss of KES 167 million from a profit of KES 664 million the previous year. The firm proposed a reduced dividend of KES 8.00 per share, down from KES 24.00 in 2023. In contrast, Kenya Airways announced a net profit of KES 5.4 billion for FY2024, recovering from a loss of KES 22.7 billion in the previous year. This marks the airline's first profit since 2012, driven by a 6% increase in revenues to KES 188.5 billion and a 58% rise in operating profit to KES 16.6 billion. The financial turnaround was aided by a significant reduction in net finance costs and improved passenger numbers. I&M Bank Group also reported a profit increase, with a net profit after tax of KES 15.4 billion, up 21.9% year-on-year. Meanwhile, Diamond Trust Bank showed a positive trend as well, raising its dividend on higher profits.












































