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Carbacid posts 3.3 percent profit rise as costs swell
The company supplies the gas to clients in the local market as well as in Uganda, Tanzania, Rwanda, Burundi, Ethiopia, Zambia, South Sudan and Somaliland.
Carbacid Investments has reported a 3.3 percent growth in net profit for the year ended July 2024 to Sh843.2 million, helped by higher demand for carbon dioxide in regional markets.
The Nairobi Securities Exchange (NSE)-listed firm’s turnover grew by 20.1 percent to Sh2.07 billion, but rising expenses ate into the growth of its margins.
