Express Kenya is a listed company on the Nairobi Securities Exchange under the Commercial and Services sector. It engages in a diverse range of services, in clearing and forwarding, customs related documentation, warehousing, road and air transport, packing and removals.
Express Kenya has been making operational losses since 2010. The company has been surely having tough times!
We summarize their 2015 results below:
- Revenues went down by 28.4% to KES 123.85Million vs KES 173.03 recorded in 2014
- Administration expenses went down by 20.2% to KES 42.31Mn.
- Other operating expenses went up by 34.4% to KES 55.47Mn.
- Loss before tax stood at KES 75.73Mn a really slight improvement from 2014’s loss of KES 76.435Mn.
The directors did not recommend any dividends.
In the Month of April Express Kenya share price swung down by 10.47% to a VWAP of 3.85. It traded a total of 56,600 shares during the month.
This one year chart below explains it all.
Sources: (Express Kenya, Financial Times, Kenyan Wall Street)
