Nairobi Business Ventures Ltd, the retailers of shoes and leather products under the K-Shoe brand has posted a Sh9.5 million in losses for the period ended September 30, 2018.
This is a 36 per cent drop from the Sh14.9 million loss made in a similar period last year.
It comes weeks after the retailer announced plans to list additional shares on the Nairobi bourse.
The firm's total revenue rose by six per cent to stand at Sh8.4 million but the profit was eroded by Sh7.4 million in operating expenses and another Sh2.5 million in finance costs.
READ MORE
Spousal consent: Why banks are facing legal hurdles in using property as security for loans
Calls grow for accountability as Kenya mobilises billions for Ebola response
Health workers demand inclusion in Ebola taskforce, quality PPEs in emergencies
Kenyans rally to plant trees in boost in the fight against climate change
