CARBACID INVESTMENTS LTD
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CARBACID INVESTMENTS LTD
Carbacid Investments Limited is an investment holding company invested in carbon dioxide gas production processing and marketing through its main operating subsidiary, Carbacid (CO2) Limited. Carbacid Investments Limited also has investments in property, in shares in other listed companies, investments in bonds and financial assets. The source of Carbon Dioxide in Kerita Forest was first discovered in 1933. It was not until 1957 that serious investigation into its nature when Kagwe Limited was established in 1958, in order to process the gas, and the first 150 Kg per hour high pressure plant was installed. The plant, located at the well head, commenced processing of Carbon dioxide into liquid and dry ice. This small scale production facility progressed satisfactorily for some time and in 1960, the first storage tank and road tanker were acquired The challenges associated with handling and distribution were addressed by adopting a bulk CO2 system. Business to the entire East African region had developed sufficiently by 1971 to justify the setting up of an office and distribution depot in Nairobi with a stock holding facility, cylinder filling unit and dry ice plant. In order to finance this expansion and the purchase of a larger production plant, the company changed its name to Carbacid (CO2) Ltd., and a parent company, Carbacid Investments Limited was floated on the Nairobi Stock Exchange. Business continued to develop rapidly necessitating the purchase of more storage tanks, road tankers and additional processing capacity By the late 1980s the Group began exporting to the neighbouring countries of Uganda and Tanzania.
Nairobi Securities Exchange – NSE
MANUFACTURING & ALLIED INDUSTRY | |||
COMPANY NAME | ISIN CODE | TICKER | MARKET CAP |
KE0000000042 | BOC |
| |
KE0000000075 | BAT |
| |
KE0000000117 | CARB |
| |
KE0000000216 | EABL |
| |
KE4000001323 | FTGH |
| |
KE0000000331 | ORCH |
| |
KE0000000372 | MSC |
| |
KE0000000497 | UNGA |
Reports
Financial Reports for CARBACID INVESTMENTS LTD
Carbacid Investments Plc (CARB.ke) listed on the Nairobi Securities Exchange under the Industrial holding sector has released it’s annual report.
For more information about Carbacid Investments Plc (CARB.ke) reports, abridged reports, interim earnings results and earnings presentations visit the Carbacid Investments Plc (CARB.ke) company page on AfricanFinancials.
Financial Report
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Carbacid Investments Plc Records HY Net Profit of KSh 485.2M
Carbacid Investments Plc made a net profit of KSh 485.2 Million for the six months ended 31st January 2024, , an increase of 18% from KSh 411.7 Million reported over a similar period in 2023. Carbacid also made an operating profit of KSh 488.1 Million in H1 2024 from KSh 367 Million in H1 2023, its consolidated unaudited accounts show. A listed firm, Carbacid made a pre-tax profit of KSh 646.9 million compared to a pre-tax profit of KSh 548.9 million in H1 2023. Carbacid Earnings per Share, which is a measure of profitability increased to KSh 1.90 per share compared to KSh 1.62 in H1 2023 and KSh 3.20 per share according to the 2023 full-year audited accounts for the period ended 31st July 2023.
Carbacid Investments Plc Reports 18% Increase in Pre-Tax Profit, Maintains Profit Margins Despite Rising Operational Costs
What has allowed Carbacid to maintain profit margins in face of rising operational costs? Carbacid has managed to maintain profit margins by adhering strictly to cost control and focusing on operational efficiency.
CBK Key Rates | |||
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Central Bank Rate | 13.00% | 03/04/2024 | |
Inter-Bank Rate | 13.73% | 19/04/2024 | |
CBK Discount Window | 17.00% | 03/04/2024 | |
91-Day T-Bill | 15.803% | 22/04/2024 | |
REPO | 8.94% | 11/08/2023 | |
Inflation Rate | 5.7% | March,2024 | |
Lending Rate | 15.2% | January,2024 | |
Savings Rate | 3.69% | January,2024 | |
Deposit Rate | 10.18% | January,2024 | |
KBRR | 8.9% | 27/06/2016 |