Car & General Share Price Soars after 920% Profit Surge, First Dividend
Car & General (Kenya) Plc shares rose to KSh 55 after it declared its first-ever interim dividend and posted a 920% surge in half-year profit,..
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Shares of Car & General (Kenya) Plc surged to KSh 55, their highest since April 2022, after the motor-dealer announced its first-ever interim dividend and a 920% increase in half-year profit. This sent the stock up 122% in just six weeks.
- Car & General’s profit after tax soared to KSh 637 million for the six months ended June 2025, a 920% rise from KSh 62 million a year earlier.
- The company declared an interim dividend of KSh 0.30 per share, payable on September 15, with book closure on September 2, marking its first interim payout in at least 22 years.
- The stock's rally is attributed to improved earnings, renewed dividends, and exposure to the electric mobility market through its associate company, Watu Credit, which reported a 272% profit increase.
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Car & General Share Price Surges; Batian Fund Acquires Riverside Towers; Safaricom Expands 5G - October 2025
Shares of Car & General (Kenya) Plc surged to KSh 55, their highest since April 2022, after the motor-dealer announced a 920% increase in half-year profit and its first-ever interim dividend. In corporate acquisitions, the Competition Authority of Kenya approved the GenAfrica-backed Batian Property Fund's acquisition of Riverside Towers Limited. This deal includes The Cube commercial property in Westlands, Nairobi, and strengthens Batian's position in the real estate market. In the telecommunications sector, Safaricom significantly expanded its 5G network coverage. The company more than doubled its sites to 1,700 in the 2025 financial year, which is a 111.7 percent increase from the previous year.
