The automotive listed company, Car & General, has announced that it will hold its 81st Annual General Meeting on March 25, 2021 starting from 10.00am. Due to the government’s restriction on public gatherings, the meeting will be conducted through electronic media.
Investors in Car & General will discuss and approve the audited financial statements for the year ended 30th September 2020, receive and approve Directors’ remuneration, approve a final dividend of KSh0.80 per share as recommended by the directors, elect company directors, and appoint auditors of the company among other resolutions.
Car & General has investments in diverse sectors throughout the East African region in areas such as automotive industry, real estate sector, financial services, and agriculture. The company’s sales in its largest market, Kenya, fell by 2.5% in the financial year that ended on September 30, 2020, while sales outside Kenya jumped up by 8.7%.
The full-year net profit increased by 50% to KSh274 million at the end of September 2020 from KSh182 million posted in September 2019.
Car & General is counting on its highly diversified business to cope with the harsh environment created by the covid19 pandemic.
Also read: Car & General Declares KSh 32 Million Dividend Payout
