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KQ FY 2016 operating loss down to 4bn; net loss record (26.2bn)

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VituVingiSana		#11 Posted : Thursday, July 21, 2016 9:23:24 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		littledove wrote: Impunity wrote: littledove wrote: littledove wrote: KQ reduces operating loss from Kshs 16.3 billion to Kshs 4.1 billion Revenues grew by 5% to sh. 116 billion Passenger numbers went up by 5% good for kq amid fierce competition Cooked. Believe me you. Now what is the Net loss? Hii story ya operating loss wachana naye. loss after tax rises to Sh26.2B in 2015/16 from 2014's Sh25.7B Please fill up at KK. KQ to pay cash. We can't afford supporting deadbeats. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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littledove		#12 Posted : Thursday, July 21, 2016 9:25:28 AM
Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky		mlennyma wrote: littledove wrote: Impunity wrote: littledove wrote: littledove wrote: KQ reduces operating loss from Kshs 16.3 billion to Kshs 4.1 billion Revenues grew by 5% to sh. 116 billion Passenger numbers went up by 5% good for kq amid fierce competition Cooked. Believe me you. Now what is the Net loss? Hii story ya operating loss wachana naye. loss after tax rises to Sh26.2B in 2015/16 from 2014's Sh25.7B yes,now you have reported well,the above reporting was a public relations exercise i was picking the results from twitter as they come, they first sugar coated before releasing the bomb There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Spikes		#13 Posted : Thursday, July 21, 2016 9:26:18 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		mlennyma wrote: Let's meet at lang'ata cemetery today and burry this carcass. @obiero accept haircut! Bury the hatchet go and buy land from the proceeds of the salvage. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma		#14 Posted : Thursday, July 21, 2016 9:29:27 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		VituVingiSana wrote: littledove wrote: Impunity wrote: littledove wrote: littledove wrote: KQ reduces operating loss from Kshs 16.3 billion to Kshs 4.1 billion Revenues grew by 5% to sh. 116 billion Passenger numbers went up by 5% good for kq amid fierce competition Cooked. Believe me you. Now what is the Net loss? Hii story ya operating loss wachana naye. loss after tax rises to Sh26.2B in 2015/16 from 2014's Sh25.7B Please fill up at KK. KQ to pay cash. We can't afford supporting deadbeats. despite selling assets, what will they sell now?with all the stiff competition the government should stop wasting our taxes here and start a new airline,even servicing the loans amid competition and rising fuel prices is a dream "Don't let the fear of losing be greater than the excitement of winning."
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Impunity		#15 Posted : Thursday, July 21, 2016 9:30:40 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		littledove wrote: mlennyma wrote: littledove wrote: Impunity wrote: littledove wrote: littledove wrote: KQ reduces operating loss from Kshs 16.3 billion to Kshs 4.1 billion Revenues grew by 5% to sh. 116 billion Passenger numbers went up by 5% good for kq amid fierce competition Cooked. Believe me you. Now what is the Net loss? Hii story ya operating loss wachana naye. loss after tax rises to Sh26.2B in 2015/16 from 2014's Sh25.7B yes,now you have reported well,the above reporting was a public relations exercise i was picking the results from twitter as they come, they first sugar coated before releasing the bomb TALK ABOUT BREAKING YOUR OWN OLYMPIC RECORD!!!!!!!!!!!!! Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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mlennyma		#16 Posted : Thursday, July 21, 2016 9:33:30 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Impunity wrote: littledove wrote: mlennyma wrote: littledove wrote: Impunity wrote: littledove wrote: littledove wrote: KQ reduces operating loss from Kshs 16.3 billion to Kshs 4.1 billion Revenues grew by 5% to sh. 116 billion Passenger numbers went up by 5% good for kq amid fierce competition Cooked. Believe me you. Now what is the Net loss? Hii story ya operating loss wachana naye. loss after tax rises to Sh26.2B in 2015/16 from 2014's Sh25.7B yes,now you have reported well,the above reporting was a public relations exercise i was picking the results from twitter as they come, they first sugar coated before releasing the bomb TALK ABOUT BREAKING YOUR OWN OLYMPIC RECORD!!!!!!!!!!!!! sad day for obiero,lets see whether the market will be kind enough to ignore hoping for a suitor "Don't let the fear of losing be greater than the excitement of winning."
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mlennyma		#17 Posted : Thursday, July 21, 2016 9:38:21 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Guy's are bidding at 75cts,its a carsass anyway. "Don't let the fear of losing be greater than the excitement of winning."
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Impunity		#18 Posted : Thursday, July 21, 2016 9:42:56 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Is this 26B Net loss or Gross loss? I feel the press is misquoting ndugu @obiero. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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ArrestedDev		#19 Posted : Thursday, July 21, 2016 9:43:37 AM
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi		mlennyma wrote: Guy's are bidding at 75cts,its a carsass anyway. I insisted here that the fundamentals are still very poor. There is nothing that Ngunze has done so far with this airline and he should be sacked immediately. The turnaround consultant will only help to cut costs here and there but will not shape the strategic direction for the airline.
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ArrestedDev		#20 Posted : Thursday, July 21, 2016 9:52:27 AM
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi		Impunity wrote: Is this 26B Net loss or Gross loss? I feel the press is misquoting ndugu @obiero. He was forecasting at a reduced loss of 11 billion? What a shock?? KQ is a dead meat. Total overhaul of the management required. There is no way KQ will repay the current debt.
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