Deacons Kenya Ltd. announced consolidated earnings results for the six months ended June 30, 2012. For the period, sales were KES 1,126,988,000, profit before taxation was KES 14,925,000 and profit for the year was KES 10,448,000 or KES 0.34 per basic and diluted share against sales of KES 1,028,826,000, profit before taxation of KES 63,820,000 and profit for the year of KES 44,674,000 or KES 1.45 per basic and diluted share for the same period a year ago. This increase in turnover was mainly driven by revenue from new stores.

The company announced that earnings for fiscal year 2012 could possibly be lower than fiscal year 2011 by at least 25%. The anticipated drop in full year earnings is, in part, as a result of high interest costs which were incurred as a result of capital expenditure required for new stores from which the revenue return has not been realized in the first half of fiscal year 2012.