Crown Paints reinstates dividends after posting Sh544m profit

Group CEO of Crown Paints PLC, Rakesh Rao.

Photo credit: File | Nation Media Group

Crown Paints Kenya has resumed paying dividends with a Sh3 per share distribution, after rebounding to a net profit of Sh544 million in the year ended December 2024 from a net loss of Sh29 million in 2023.

The Nairobi Securities Exchange (NSE)-listed paint maker attributed the return to profitability on higher revenue and a stable currency that saw the company avoid a repeat of 2023’s foreign exchange losses.

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