Car and general profit grows 50 per cent to Sh274 million

Car and General (C&G) has reported a 50 per cent rise in profit for its financial year ending September 2020, helped by growth in revenues across East Africa and huge tax credits.

The firm said its profit went up to Sh274 million in the year compared to Sh182 million made over a similar period in 2019. C&G, in an update to shareholders, said it had suffered the impact of Covid-19 with sales in Kenya declining 2.5 per cent, but growing by 8.7 per cent in neighbouring states.