{"id":40391,"date":"2021-11-28T17:23:31","date_gmt":"2021-11-28T17:23:31","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=40391"},"modified":"2021-11-28T15:28:41","modified_gmt":"2021-11-28T15:28:41","slug":"nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off","title":{"rendered":"NBV reports record profit as recent acquisitions begin to pay off"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Listed company Nairobi Business Ventures (NBV) Plc has reported a half year turnover of Sh485.3 million up from Sh7.62 million posted same period last year.<\/p>\n

The results for the first six months of the year ended September 30 were driven by strong performances from the automobile and aviation divisions.<\/p>\n

This is the first time NBV is reporting consolidated results following the recent acquisitions of Delta Automobile, Aviation Management Solutions , Direct Air Connect and Delta Cement as part of the firm’s diversification strategy.<\/p>\n

Nairobi Business Venture’s CEO Haresh Soni said the firm intends to intensify its efforts in the automobile,aviation and cement manufacturing sectors.<\/p>\n

\u201cOur planned Mavoko-based cement factory will cost-effectively produce high quality cement by using the latest technology. Looking at the automobile sector, we plan to put up service stations every 200 kilometres between Mombasa and Rwanda,” Soni said.<\/p>\n

Construction plans for the cement factory are at an advanced stage and on completion the plant will have a capacity of 1 million tonnes per annum.<\/p>\n

He added that the aviation sector is promising due to the growing demand by carriers for affordable maintenance services which the firm is able to deliver.<\/p>\n

The Group\u2019s profit-after tax increased to Sh31.69 million from Sh74,000 reported same period last year.<\/p>\n

Delta Automobile offers heavy commercial vehicle maintenance and sells spare parts for European and Japanese models.<\/p>\n

Currently the company is the sole services provider for Shreeji Enterprises which operates a fleet of over 700 vehicles<\/p>\n

Air DC operates a private hangar at the Jomo Kenyatta International Airport where it maintains Bombardier Dash 8 Classics, Dash 8 Q 400, CRJ 100,200, Boeing 737- 200\/300 models.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Listed company Nairobi Business Ventures (NBV) Plc has reported a half year turnover of Sh485.3 million up from Sh7.62 million posted same period last year. The results for the first six months of the year ended September 30 were driven by strong performances from the automobile and aviation divisions. This is the […]<\/p>\n","protected":false},"author":84,"featured_media":40388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6857,7003,544],"class_list":["post-40391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nNBV reports record profit as recent acquisitions begin to pay off - kenya<\/title>\n<meta name=\"description\" content=\"Listed company Nairobi Business Ventures (NBV) Plc has reported a half year turnover of Sh485.3 million up from Sh7.62 m ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBV reports record profit as recent acquisitions begin to pay off\" \/>\n<meta property=\"og:description\" content=\"Listed company Nairobi Business Ventures (NBV) Plc has reported a half year turnover of Sh485.3 million up from Sh7.62 m ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-28T17:23:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/11\/img-61a3a0139b99e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NBV reports record profit as recent acquisitions begin to pay off\",\"datePublished\":\"2021-11-28T17:23:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off\"},\"wordCount\":289,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/11\/img-61a3a0139b99e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/nbv-reports-record-profit-as-recent-acquisitions-begin-to-pay-off\",\"name\":\"NBV reports record profit as recent acquisitions begin to pay off - 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