Worst year as 18 Nairobi Securities Exchange listed companies issue profit warnings

Nairobi Securities Exchange (NSE) trading floor. Eighteen NSE listed companies have issued profit warnings, an indication of tough economic times. [PHOTO: FILE/STANDARD]

Liberty Kenya Holdings has issued a profit warning, joining a dozen other listed companies.

Yesterday, the firm, owned by South Africa’s Liberty Holdings, announced that its earnings for the year ended December 31, 2015 will be at least 25 per cent lower than the same period in 2014.