The NSE-listed company's board has declared an interim dividend of Sh2.20 per share, 18.2 per cent lower than the Sh2.60 a share paid in a similar period last year.
Its net profit slowed down to Sh85.62 million in the six months compared to Sh101.26 million a year ago, a 15.4 per cent decline. Profitability was down despite its revenue growing by 7.3 per cent to Sh674.98 million from Sh629.18 million.
The firm attributed the decline in profits "to increased electricity costs and a revision in the calculation methodology for stock obsolescence allowances."
Besides industrial and medical gases, BOC supplies welding products and medical equipment. It has subsidiaries in
The firm's stock was unmoved on Friday at Sh146 a piece.
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