Tag: profit warning
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 to December 2022, compared to what it made in 2021.
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 May 2020.
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 tax to Ksh1.3 billion.
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.
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
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 access...
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 companies...
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 than...
Stay in touch:
Newsletter
Don't miss
HEALTH
Whipped and Stripped! A Survivor’s Tale of Harrowing Brutality in a Mental Hospital
The lack of a long-term vision and inadequate resourcing of mental hospital infrastructures continues to take a toll on Kenya’s mentally ill patients.
BUSINESS
Dubai Agency Picks Top Influencer Marketers to Lead Kenyan Operation
This strategic move is in line with indaHash vision to cement its presence in Africa, following its impactful footprint in South Africa since 2017 and successful collaborations with clients like the South African Tourism Board.
SPORT
SportPesa to reward Customers in Cash-Filled Festive Promotion
Running from December 4th to 25th, the SportPesa campaign promises daily excitement with six lucky winners expected to walk away with Ksh5,000 daily.
PERSON OF INTEREST
Captain William Ruto: President’s Namesake With a Decorated Career
Captain William Kipkemboi Ruto is officially known by the name William Ruto, which also happens to be President William Samoei Ruto’s official name.
SMART MONEY
Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies
With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes under the mandate given to the Central Bank of Kenya in 19676.