er cent, riding on growth in the country’s tourism segments.

The firm’s net profits grew to Sh616 million up from Sh516 million in 2010. Turnover stood at Sh5.5 billion up from Sh4.5 billion in 2010.

The company, which owns a string of resorts and hotels, recommended a Sh1.30 per share divided, five cents more than last years’ offering.

 

However, the firm said these gains were tempered with by travel advisories issued by foreign governments, which depressed bookings during the third quarter of the period under review.

“Within the overall context of a business environment that was challenging, the results achieved are commendable and considered satisfactory,” reads a statement from the firm.

Kenya’s tourism industry defied fears of insecurity to post a 32 per cent rise in revenues last year. However, beach tourism products continued to suffer as visitors shied away from the coast. Click here to read more