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Dividend drought looms as 12 firms in profit warning
Brokers on the floor of Nairobi Securities Exchange. Earnings alert by listed firms stood at eight in the 2013 financial year, compared to 10 in 2012 and two in 2011. PHOTO | FILE
Profit warnings from companies listed at the Nairobi Securities Exchange for their 2014 performance have increased to a record 12, signalling a dividend drought and share price erosions.
Earnings alert from the listed companies stood at eight 2013 financial year, compared to 10 in 2012 and two in 2011.
