Markets CoverageEarnings Watch

KCB reported a FY 2018 net profit of Sh24B & a FY 2019 net profit of Sh25.2B. The group may have experienced a profit drop minus NBK.

KCB reported a FY 2018 net profit of Sh24B & a FY 2019 net profit of Sh25.2B. The group may have experienced a profit drop minus NBK.
By Frontier Africa Reports • March 12, 2020 at 1:08 PM GMT+1

KCB reported a FY 2018 net profit of Sh24B & a FY 2019 net profit of Sh25.2B. The group may have experienced a profit drop minus NBK.

The increase in net profit can be attributed to the acquisition of NBK without which the net profit would have been flat.