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Crown Paints issues profit warning

By Fredrick Obura | 7yrs ago

Crown Paints Chief Executive Rakesh Rao

NAIROBI, KENYA: Paint maker Crown has issued a warning to its shareholders over a decline in profit.

The Board projects that based on the preliminary assessment on the unaudited consolidated accounts, the 2018 full year earnings of the group are expected to decrease by more than 25 per cent compared with the year ended December 31 2017.

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