Sameer Africa's net profit for the year ended December 2023 declined by 53.7 percent to Sh46.3 million, weighed down by the weakening of the shilling against the dollar.
Net earnings dropped from Sh100.3 million, extending the dividend drought for investors who have seen the firm diversify from tyre selling to real estate in a bid to revive the fortunes of the Nairobi Securities Exchange-listed firm.
