NSE posts 21 percent drop in net profit as costs rise

nairobi securities exchange bourse
[Image source: Riccardo Gangale | Bloomberg]


Business Daily | by Brian Ngugi


The Nairobi Securities Exchange (NSE) has posted a 21 percent drop to Sh132 million in net profit for the financial year ended December weighed down by higher costs and taxes which offset an increase in revenues.

The NSE posted a profit of Sh167.9 million the previous year…

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