NSE issues profit warning as it braces for uncertain election year

Geoffrey Odundo CEO Nairobi Securities Exchanges makes a press briefing on stock exchange where he expects the stock exchange to experience temporary impact during election period. on 23rd November 2016 PHOTO DAVID GICHURU

Nairobi Securities Exchange (NSE) Limited has warned investors that it expects profits to decline by at least Sh76.4 million, being a quarter of what it earned in December last year.

In a profit warning note published in the local dailies yesterday, NSE said that it sees the profit expected next month to be more than 25 per cent lower than Sh305.6 million that it posted the previous year.