Carbacid Investments Ltd. reported earnings results for the six months ended January 2012. For the period, the company reported a net profit of KES 174.8 million, up 28% year on year on the back of sales to new export markets. The company's pre-tax profit rose 34% year on year to KES 257.2 million in the first half of its fiscal year to end-July 2012. Its turnover jumped 63% year on year to KES 473.7 million. This increase in turnover was achieved by penetrating new export markets. The company's board of directors recommended an interim dividend of KES 3 per share, up from KES 2 in the same period last year.