profit warning
Nation Media Group to Sack Hundreds of Employees in Fresh Layoff
Nation Media Group, the listed regional media company, is set to fire 600 employees, including journalists, at the end of April
BT Reporter
Company That Makes Sh1.3B Loss Monthly And Still Flies High
National carrier Kenya Airways (KQ) in January issued a profit warning, saying it expects to report an even bigger loss for the year...
KALU MENGO
NMG New Business Model Pushes Out More Employees
The restructuring follows a pay cut of 5% for the lower end of the target group and 35% for the high-end effected from...
BT Correspondent
Going Gets Tougher as NMG Stares at Massive Drop in Profit
NMG earnings have been on a downfall over the past four years. In 2019, the group recorded a 23% drop in profit before...
BT Correspondent
Nairobi Business Ventures Issues a Profit Warning
The announcement was based on the forecasted financial results of the group for the year ending 31st March 2020.
BT Correspondent
Kenya Power Stares at Bigger Losses as Revenues Shrink
Growth in renewable energy is aimed at enhancing the company’s sustainability and making power affordable while reducing dependency on thermal generation
BT Reporter
Home Afrika issues profit warning as property sales decline
Listed real estate developer Home Afrika has issued a profit warning for the financial year ended December 31, 2018 with the firm blaming...
Mike Njoroge
Williamson Tea, Kapchorua Tea issue profit warning as wage bill bites
A ballooning wage bill will see profit for tea processing listed firms Williamson Tea and Kapchorua Tea fall at least 25%, the two...
Mike Njoroge
Kenya Re staring at over 25% profit slump
The downward slide in profit in 2018 by Kenya Re will see the firm’s net earnings for the year end drop by more...
Mike Njoroge
