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Packaging firm SKL issues profit warning on debt load
Shri Krishana Overseas (SKL) Limited Managing Director Sonvir Singh makes his remarks during the listing of SKL Limited at the Nairobi Securities Exchange’s (NSE) Small and Medium Enterprises (SME) Market Segment on July 24, 2025.
Photo credit: Francis Nderitu | Nation Media Group
Recently listed packaging materials manufacturer, Shri Krishana Overseas Limited (SKL), has issued a profit warning for its full year after it recorded a 70.4 percent drop in earnings in the six months ended June 30.
SKL reported a net profit of Sh2 million in the half year period, down from Sh6.8 million a year earlier. The drop was attributed to a 53.5 percent jump in finance costs following an uptake of new loans. The finance costs jumped to Sh15.8 million from Sh10.3 million.
