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Logistics firm Express Kenya issues profit warning
An Express Kenya Ltd truck leased to East Africa Breweries. The company has issued a profit warning for the year ended December as the loss of the lucrative East African Breweries (EABL) transport contract in July last year eroded its earnings. File
Logistics firm Express Kenya has issued a profit warning for the year ended December as the loss of the lucrative East African Breweries (EABL) transport contract in July last year eroded its earnings.
The company expects its profit in the period under review to drop by more than 25 per cent compared to 2010 when it posted a net loss of Sh28 million.
