Nipate
Forum => Kenya Discussion => Topic started by: gout on May 23, 2023, 06:38:03 AM
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“Naivas, the leading supermarket chain in Kenya that the group (IBL) invested in during the first quarter, generated higher profits compared to last year,” the multinational said in a trading update.
“The share of profits for Naivas, as an associate, is being reported for the first time this year and represents 184 million Mauritian Rupees (Sh553.4 million at current exchange rates).”
The Sh553.4 million profit allocated to IBL indicates that Naivas’ total earnings stood at Sh2.1 billion in the nine-month period.
Net margins above 2.5 are good.
Previous disclosures showed that the retailer reported sales of Sh65.1 billion in the year ended June 2021 when its net profit stood at Sh2 billion, representing a net margin of 3.18 percent.
This was an improvement from the prior year when it made a net income of Sh1 billion on sales of Sh54 billion, amounting to a net margin of Sh1.9 percent.
https://www.businessdailyafrica.com/bd/corporate/companies/naivas-posts-sh2-billion-profit-in-nine-months--4243218
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Yes..CARREFOUR not ready to go everywhere n eat their pie..so they are unchallenged
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CARREFOUR is doing fine. Opening many branches does not necessarily result in profitability.
Yes..CARREFOUR not ready to go everywhere n eat their pie..so they are unchallenged
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CARREFOUR is doing fine. Opening many branches does not necessarily result in profitability.
Yes..CARREFOUR not ready to go everywhere n eat their pie..so they are unchallenged
Carrefour does 40b about half of naivas revenue with a quarter number of outlets https://www.standardmedia.co.ke/business/business/article/2001468456/carrefour-sales-rise-to-sh40b-on-branch-expansion-e-commerce . Definitely carrefour revenue per square foot is much higher(indication of profitability). Quickmatt is more comparable to naivas and addresses the same market.
Outside investors have helped naivas turbo charge their growth and probably infused more professional management into the supermarket chain.
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If carrefour decide to spread - they will challenge Naivas - as they are cheapest- and drive hard bargain from suppliers. Naivas and quickmart need foreign investors so they can remove what killed Tuskys and Nakumatt - Bad corporate governance.
Carrefour does 40b about half of naivas revenue with a quarter number of outlets https://www.standardmedia.co.ke/business/business/article/2001468456/carrefour-sales-rise-to-sh40b-on-branch-expansion-e-commerce . Definitely carrefour revenue per square foot is much higher(indication of profitability). Quickmatt is more comparable to naivas and addresses the same market.
Outside investors have helped naivas turbo charge their growth and probably infused more professional management into the supermarket chain.