More listed firms foresee profit drop as FKE warns of job losses

Federation Of Kenya Employers National President Habil Olaka and Executive Director Jacqueline Mugo during a press briefing in Nairobi on November 24 on the high cost of living and increased cost of doing business. [Wilberforce Okwiri, Standard]

Listed firms are continuing to issue profit warnings signalling the worsening economic conditions that have constrained demand.

Firms listed at the Nairobi Securities Exchange are required to issue warnings when their profits are projected to fall by at least 25 per cent against the previous similar period.