Listed logistics firm Express Kenya Limited has issued a profit warning for the year ending this month on slowed economic activities in the country which it says have significantly reduced demand for warehousing operations.
Coming just a day after another listed firm, Kakuzi Plc, issued a similar statement, the notice by Express Kenya brings to 12 the growing list of publicly traded companies that have issued earnings alerts to investors this year. A majority of them are citing a tough operating environment that includes the high cost of doing business.
