Nation | by Paul Wafula
East African Cables Plc has issued a profit warning for the year ending December 31, 2020. This means that the company expects its earnings to drop by at least 25 per cent compared to last year.
The cable manufacturer says the expected slump in profitability is primarily due to a one-off write back that was recorded as other income in 2019.
The Capital Markets Authority (CMA) and the Nairobi Securities Exchange (NSE) regulations require a company listed on the bourse to inform investors if…
