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Originally published by Nation Business
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business
August 22, 2026
6h ago

BOC Kenya raises interim dividend despite 40pc profit dip

BOC Kenya raises interim dividend despite 40pc profit dip

The profit slump stems from the disappearance of large customer engineering projects...

✨ Key Highlights

Despite a 39.8% dip in net profit for the first half of 2026, BOC Kenya is increasing its interim dividend by 60% to Sh4 per share, continuing a trend of rising payouts.

  • The dividend distribution of Sh78.1 million represents 77.8% of the half-year net profit of Sh100.37 million.
  • BOC Kenya, an industrial and medical gas manufacturer, saw its revenue drop by 17.1% to Sh600 million due to the absence of one-off customer engineering projects.
  • Distribution, selling, and administrative expenses rose by 17%, impacted by inflation and higher fuel costs.

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