Carbacid regional focus pays off as half-year net profit up to Sh485m
Nairobi, March 14 -- Carbacid Investments has posted a 17.9 percent rise in net profit to Sh485.16 million in the half-year ended January 2024 on increased sales of carbon dioxide in the new regional markets.
The profit rise from Sh411.65 million posted in the preceding similar period last year came in the period Carbacid's turnover grew by 26.3 percent to Sh1.08 billion from Sh855.53 million.
"Turnover for the six months increased by 26 percent over the same period last year. The growth is attributed to new markets for liquid carbon dioxide within the East and Southern Africa region," said the Nairobi Securities Exchange-listed firm.
Carbacid is the major producer of carbon dioxide, which is used to make fizzy beverages like soft drin...
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