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Ace Limited today announced a third-quarter operating profit of KES 10 Million as compared to a net operating loss of KES 3.8 Million for the second quarter of this year. The company also reported revenue of 27 Million for the quarter. The CEO of Ace Limited, explained; “We are pleased to report that our efforts to improve sales in our core business have been successful. Our primary revenue stream continues to be domestic sales of our electrical products, and we expect to see continued growth in this area over the next few quarters.

Administrative expenses as a percent of net revenues for the third quarter were 27% compared to 32.5% for the second quarter, which continues to reflect our cost savings initiatives”