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Barclays Kenya's H1 pretax profit down 13 pct

Tue, 06th Aug 2013 07:00

NAIROBI, Aug 6 (Reuters) - Barclays Bank of Kenya's half year pretax profit fell 13 percent to 5.5 billion shillings($63 million), weakened by a one-off payment for earlyretirement costs, its managing director said on Tuesday.

Jeremy Awori, the managing director for the bank that iscontrolled by Barclays Plc, said the bank's profitwould have been flat for the period at 6.3 billion shillingsbarring the cost, and forecast a better second half performance.

Earnings per share fell to 0.69 shillings to the end of Junefrom 0.79 shillings in the same period last year.

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