Flame Tree Group Holdings significantly narrowed its half-year losses to KSh 76 million in H1 2024, an improvement from KSh 90.6 million previously, driven by revenue growth in East Africa and cost efficiencies. The company’s revenue increased by 2% year-on-year to KSh 1.84 billion, while finance costs decreased by 13% due to reduced net debt.

• Net loss reduced to KSh 76 million from KSh 90.6 million in H1 2024.
• Revenue grew to KSh 1.84 billion, up 2%, supported by growth in East Africa.
• Finance costs decreased by 13% to KSh 157 million, aided by an KSh 88 million reduction in net debt.
• Water, Sanitation & Packaging (WSP) segment saw expansion in Kenya and strong growth in Rwanda.
• FMCG (Cosmetics & Snacks) revenue in Kenya rose 16%, and Rwanda gained 30%.
• CEO Heril Bangera highlighted resilience and strategic focus on debt reduction and growth for H2.