C&G records Sh526m profit on strong shilling, lower costs

Workers at Car and General Motorbikes Assembly Plant in Nakuru County on January 1, 2019.

Photo credit: File | Nation Media Group

Diversified products supplier Car & General (C&G) has swung back to profitability, posting a net income of Sh526 million in the year ended December 2024 on a stronger Kenya shilling and lower operating costs.

The Nairobi Securities Exchange (NSE) listed firm reversed a net loss of Sh273.6 million in 2023, allowing it to resume distribution of dividends to shareholders after skipping previously.

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