Business

Armed with profits, Diamond Trust heads to Zanzibar, Burundi

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By CATHERINE RIUNGU

Posted  Friday, March 13  2009 at  21:59
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The official said the share register will be closed from May 29 to June 5, 2009 to enable the pay out of dividends by June 18.

Financial results of its Uganda unit that was previously accounted for as an associate would now be accounted for as a subsidiary following an increase in the bank’s shareholding in Diamond Trust Bank Uganda Ltted from 26.7 per cent to 51 per cent.

The group asset base grew by 56 per cent to stand at Kshs56.1 billion up from Kshs 36 billion; the total group operating income rose to Kshs3.7 billion up from Kshs2.4 billion realized over the same period in the previous year.

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