Property fund Fahari issues earnings alert on Covid hit

ICEA Lion Asset Management CEO Einstein Kihanda. PHOTO | SALATON NJAU

Property fund Ilam Fahari I-Reit #ticker:FAHR has issued a profit warning for the year ended December, alerting investors of a potential cut in cash distribution in the review period.

The Nairobi Securities Exchange #ticker:NSE -listed firm expects its net income for the period to fall by at least a quarter, blaming the weaker results on the impact of the Covid-19 pandemic on the property sector.

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