Car & General profits up 10-fold on bigger motorcycle, mobile phone sales

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

Photo credit: File | Nation Media Group

Diversified retailer, Car & General (C&G), has posted a 10-fold growth in net profit for the half year to June 2024, driven by increased sales of motorcycles and mobile phones.

The company posted a profit after tax of Sh637 million in the six months, up from Sh62 million in a similar period a year ago.

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Note: The results are not exact but very close to the actual.