Sameer’s profit soars to hit Sh254 million

TYRE manufacturer Sameer posted a 128 per cent jump in its pretax profit to Sh254 million after financing costs dropped, it said yesterday. Sameer, which makes Yana tyres said its net finance costs tumbled to Sh10.1 million from Sh124 million a year ago, without giving a reason for the fall. It said that turnover increased 11 per cent to Sh3.04 billion. "The trading environment for the balance of the year appears favourable," the company said, citing stable prices of raw materials, crude oil and the exchange rate...