14 companies issue profit warning in turbulent year



Business Daily | by Victor Juma


At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings.

Britam Holdings, Absa Bank Kenya, East African Breweries Limited (EABL), Kenya Power, East African Cables, Kenya Orchards, Longhorn Publishers, Nairobi Business Ventures, Nation Media Group and Unga Group are among the companies that have warned investors of reduced earnings

Others are NCBA Group, TPS Eastern Africa, I&M Holdings and Standard Chartered Bank Kenya…

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