2018: A year of profit warnings
SEE ALSO :Global landmarks go dark for Earth HourStandard Group, Flame Tree Group, Standard Chartered, Family Bank, BOC gases are some of the companies that cruised into profitability after issuing a profit warning. Fashions retailer Deacons, Bamburi Cement, Britam, Mumias Sugar, joined Kenya Re-Insurance, Kapchorua Tea, Housing Finance Group, Kenya Power and Lighting Company, Sanlam in the 2018 list of firms that expected lower returns at the end of 2018. Others in the 2018 list were National Bank of Kenya, UAP Holdings and Crown Paints. Mumias Sugar and East African Cables, plunged into loss with the latter reporting its loss for the company’s half-year financial period ending June, 2018.