Fuel troubles stalk Kenyan tyre maker Sameer

Newswire

* EPS up 0.22 shillings a share vs 0.21 shillings * No interim dividend * Worried by rising fuel costs, weak currencies, power cuts NAIROBI, July 27 (Reuters) - Rising energy costs, power cuts and weak regional currencies are set to eat into profits at Kenyan tyre maker Sameer Africa and the company will pay no interim dividend this year. Sameer reported first half 2011 pretax profit up 12 percent on Wednesday, driven by cost cuts and a slight improvement in sales. Pretax profit rose ...

Premium Content (PAID Subscription Required)

"Fuel troubles stalk Kenyan tyre maker Sameer" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×