Carbacid Investments has recorded a profit drop for the full year concluded in July.
This drop amounted to a fall of 4.5 per cent in net profit to Sh375.56 million from Sh393.86 million last year.
It said income was impacted by exchange gain of Sh 3 million and unrealised loss of Sh32 million on equity investments.
Financial statements show turnover increased by 2.7 per cent to Sh831.76 million from Sh809.71 million during the review period.
Administrative expenses increased three per cent to 173 .51 million from Sh168.47 million. The Board of Directors recommended a dividend pay of 70 cents per share.
