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 Njoroge1 Mins read

FEATURED STORY

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 Njoroge1 Mins read

FEATURED STORY

Crown Paints anticipates Sh56m drop in 2018 profit

According to paints manufacturer's Board, the Group has been adversely affected by difficult market conditions in all the subsidiaries in Tanzania, Uganda and...

BT Reporter1 Mins read

STOCKS

Britam issues profit warning as NSE bear run continues

In a notice placed in sections of the Kenyan press, the investment company said its earnings are expected to drop by at least...

BT Reporter1 Mins read

FEATURED STORY

Sameer Africa issues profit warning, earnings set to plunge 25%

The company is considering pulling out Tanzania, Uganda, Burundi as its subsidiaries in these markets continue to post losses

Samuel Gitonga1 Mins read

FEATURED STORY

EAAGADS issues profit warning

Coffee firm says its earning for the current financial year are likely to drop by at least 25% on lower coffee volumes offered...

BT Reporter1 Mins read

FEATURED STORY

Life suddenly hard for CEO who earns Sh1 million per day

Will Centum Investment profit warning be the beginning of the end for the generous compensation packages for management?

BT Reporter4 Mins read

FEATURED STORY

Kirubi’s firm suffers financial stress

Centum cites political jitters, lack of access to credit by private sector and deferred recognition of realised gains from assets disposal for expected...

BT Reporter2 Mins read