East African Cables Narrows H1 Loss to KSh190M Amid Administration Battles

EA Cables H1 2025 net loss down to 190M from 275M, driven by cost savings and higher operating profit. The firm remains under administration...
✨ Key Highlights
East African Cables Plc (Under Administration) reported a reduced net loss of KSh 190 million for the first half of 2025, down from KSh 275 million in H1 2024. This improvement comes amidst ongoing administration battles and a significant debt recovery effort by Equity Bank.
- Turnover dropped 7.7% to KSh 1.23 billion, but gross profit increased by 2.3% to KSh 379 million due to reduced cost of sales.
- Equity Bank appointed an Administrator in June to recover a KSh 2.2 billion debt, and the Court of Appeal has cleared the bank to sell four company properties.
- The company's shares, along with those of its parent company TransCentury, have been indefinitely suspended from trading at the Nairobi Securities Exchange since June 24th, 2025.
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Read the complete article from The Kenyan Wall Street