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NSE profit warnings surge further on tough business environment
Nairobi Business Ventures (NBV) co-founders Vasu Abotula and Raj Srungarapu (right) speak to the media after the bell ringing ceremony to mark the commencement of trading of NBV shares at the Growth and Enterprises Market Segment of the NSE on June 21, 2016 .
The number of profit warnings issued by corporates listed on the Nairobi Securities Exchange (NSE) has now hit eight in the current financial year, marking an escalation amid tough economic times.
Nairobi Business Venture (NBV) has become the latest company listed on the bourse to issue a profit warning, underscoring a tough business operating environment prevailing in the country.
