The stock jumped as much as 7.6 percent to 8.5 shillings, the highest intraday level since Aug. 26, and traded 1.9 percent stronger at 8.05 shillings by 10:46 p.m. in Nairobi.
Sales rose to 10.8 billion shillings ($115.2 million) in the 12 months through June, compared with $9.61 billion shillings a year earlier, the Nairobi-based company said in a statement distributed through the Nairobi Stock Exchange today.
“The results are quite good, better than expected,” Eric Musau, a research analyst with Standard Investment Bank Ltd., said by phone from Nairobi today. Earnings per share of 1.47 shillings beat Musau’s estimate of 1 shilling per share.
Annual clients grew 10 percent to 19 million, Uchumi said.
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