[2008-08-07]  GOOD NEWS FOR EXPRESS KENYA SHAREHOLDERS
The shareholders of Express Kenya Limited celebrated to the news that they will receive a dividend of Kshs 0.40 per share held, an indicator that the continuous turn-around of the company is on high gear, with good results for the Financial year 2006. This was declared by the chairman of Express Kenya Limited Dr. Chris Obura, during the Thirty Sixth Annual General meeting held at the Grand Regency Hotel, Nairobi on Friday, 20th July 2007. This is the first time in over 8 years that the shareholders have received dividends. Over 130 shareholders attended the AGM to receive the good news and listen to the Directors, on how the company plans to expand the business for the next financial year. The shareholders expressed their gratitude to the management as there has been a continued steady growth over the last 4 years. Despite the challenges like rise in fuel prices and the deteriorating condition of the roads, the gross profit has risen to over 40% from 24.5% in the year 2005. Part of the strategies included putting up a sales and logistics planning teams and investing in a new fleet of prime mover as transportation has played the largest role in the profits of business. All Directors were re-elected unopposed to serve an extra term in office before the next AGM to be held in 2008.

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