Car and General Proposes Dividend Payout ; Reports Earnings Results for the Year Ended September 2013
The company reported earnings results for the year ended September 2013. For the year, the company net profit rose 18.47% to KES 315.79 million compared to a year earlier largely on increased sales. Earnings from sales stood at KES 7.06 billion, a 23.54% jump from KES 5.71 billion in September 2012. The sales were mainly boosted by improved businesses for two wheelers boda boda motor cycles and the three wheelers popularly known as tuk tuks in Kenya and Tanzania, also emphasising the contribution from a complete knock down motorcycle plant in Nakuru.