K-Shoe retailer issues profit warning

The K-Shoe shop along Kenyatta Avenue in Nairobi. FILE PHOTO | SALATON NJAU | NMG

Shoe and leather accessories vendor, Nairobi Business Ventures (NBV) Ltd #ticker:NBV, has issued a profit warning attributed to delay in securing additional funds to finance its working capital requirements.

The firm’s board of directors on Monday said earnings for the financial year ended March 2017 are expected to dip by more than 25 per cent of what was reported for the same period in 2016.

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