Fifteen Nairobi Securities Exchange (NSE) #ticker:NSE listed firms are facing a Sh13.8 billion plunge in profits in nine months since June last year, as a tough economic environment and corporate governance malpractices eat into companies’ earnings.
The 15 publicly traded firms have issued profit warnings in the period with three of the alerts coming last week, indicating that their earnings will fall by at least 25 percent over the previous financial year.
