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Longhorn HY 2019 results
Ebenyo
#1 Posted : Tuesday, February 19, 2019 3:40:02 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,598
Location: Kitale
revenue kshs 697,565,000 up 73%
net profit kshs 68,831 up 52%
Towards the goal of financial freedom
mlennyma
#2 Posted : Tuesday, February 19, 2019 4:27:01 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,935
Location: nairobi
Ebenyo wrote:
revenue kshs 697,565,000 up 73%
net profit kshs 68,831 up 52%

A chemist shop in town makes more
"Don't let the fear of losing be greater than the excitement of winning."
hardwood
#3 Posted : Tuesday, February 19, 2019 4:52:49 PM
Rank: Elder


Joined: 7/28/2015
Posts: 8,664
So each month they made a profit of about 5k, which is less than what a house girl makes over the same period.
S.Mutaga III
#4 Posted : Tuesday, February 19, 2019 4:59:32 PM
Rank: Member


Joined: 3/26/2012
Posts: 809
It's 68.8 million. That's over 11 million in net profit per month. I don't think there are many chemists if any that make over 11 million NET profit per month. Also, Longhorn typically makes most of its money in the second half i.e Jan-June due to the nature of its business. I wont be surprised if the net profit surpasses 200 million in FY.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
Ebenyo
#5 Posted : Tuesday, February 19, 2019 5:23:13 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,598
Location: Kitale
hardwood wrote:
So each month they made a profit of about 5k, which is less than what a house girl makes over the same period.


im sorry for the error.Its kshs 68,831,000
Towards the goal of financial freedom
tom_boy
#6 Posted : Wednesday, February 20, 2019 12:27:00 PM
Rank: Member


Joined: 2/20/2007
Posts: 677
Hardly a blip on the share price
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
Ericsson
#7 Posted : Wednesday, February 20, 2019 12:27:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,560
Location: NAIROBI
tom_boy wrote:
Hardly a blip on the share price


https://www.businessdail...990430-3qdomr/index.html
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