Fashion retailer Deacons #ticker:DCON has indicated that its earnings for the full-year through December will drop by at least a quarter, raising to six the number of Nairobi bourse-listed firms that have issued profit warnings.
Deacons expects to post a maximum net loss of Sh208 million, blaming this poor show on, among other things, the electioneering period, impact of Nakumatt’s downfall as well as inflationary pressures occasioned by the prolonged drought in early 2017.
