Flame Tree issues profit warning

Mr.Heril Bangera CEO Flame Tree Group explains the features of the brand.

Flame Tree Group has issued a profit warning citing a challenging trading environment especially in the second half of the year.

The company, which is listed under the Growth and Enterprise Market Segment (GEMS) on the Nairobi bourse said that its earnings for the current financial year ending December 31, 2017 are forecast to be lower than 25 per cent that achieved last year.

“The expected decline is primarily attributable to the challenging trading environment,” said the company.