Home Business CMA set to punish KenGen for not issuing profit alert

CMA set to punish KenGen for not issuing profit alert

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Nation | by Victor Juma


The Capital Markets Authority (CMA) says it will punish power producer KenGen for failing to issue a profit warning despite a significant decline in its earnings.

A listed company generally issues a profit warning prior to the public announcement of its official financial results. The power generator released its results for the year ended June, showing…

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