Serena owner pays dividend as profit up 188pc

A man walks in front of Nairobi Serena Hotel.

Photo credit: File | Nation Media Group

TPS Eastern Africa Plc, the operator of the Serena hotels brand, has reinstated dividends after growing its profit 2.8 times in the year ended December 2024.

The firm has declared a dividend of Sh0.35 per share or a total of Sh98.9 million, payable on July 30 to shareholders on record as of June 30.

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