Financial market alarmed by firms’ delay to publish results

An employee of Nairobi Securities Exchange takes notes of stock price movements. Some listed companies have delayed their financial results. [File, Standard]

Listed companies are increasingly denying investors full information to make decisions as more firms seek to delay releasing results.

By the end of April, the regulator had allowed six firms to keep their state of affairs away from the public's eye as they sought to fix bad balance sheets.