Directors of Carbacid Investments #ticker:CARB got a 7.8 per cent pay rise in the year ended July when the company’s net profit dipped 6.1 per cent, marking the latest in a string of publicly traded firms that have increased board member fees despite weaker earnings.
The Nairobi Securities Exchange-listed firm disclosed in its latest annual report that it paid Dennis Awori (chairman), Maina Wanjigi, Baloobhai Patel and Mukesh Shah an aggregate of Sh12.3 million in the review period.
