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Semtech Corp Swings To Q2 Profit, Issues Q3 Outlook; Stock Up

(RTTNews) - Semtech Corp. (SMTC), a high-performance semiconductor provider for AI data centre networking and intelligence, connected IoT devices, announced financial results for its second quarter of fiscal year 2027, which ended July 26, 2026, reporting a return to profitabilit

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TPS Eastern Africa Loss Widens to Sh66.4 Million as Serena Hotels Revenue Declines

TPS Eastern Africa, the hospitality group that operates Serena Hotels in Kenya and other East African markets, widened its net loss to Sh66.4 million in the first half of 2026 as revenue declined…

  • TPS Eastern Africa reports Sh66.4 million net loss in H1 2026
  • Revenue declines to Sh4 billion, down from Sh4.05 billion
  • Challenges attributed to geopolitical, health, and financial factors

KQ Loss Widens to Sh16.1 billion

Kenya Airways (KQ) widened its net loss to Sh16.1 billion in the first half of 2026, up from Sh12.2 billion recorded during the same period last year, as rising fuel and aircraft maintenance costs put…

  • Kenya Airways reported Sh16.1 billion net loss in H1 2026, up from Sh12.2 billion in H1 2025
  • Rising fuel and aircraft maintenance costs primarily drove the increase in losses
  • 32% fuel expense rise attributed to 66% price jump due to Middle East geopolitical tensions

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