Alarm as 4 public firms fail to publish results

CMA chief executive Paul Muthaura. FILE PHOTO | NMG

Four Nairobi Securities Exchange (NSE)-listed #ticker:CMA companies have missed the deadline for publication of their financial results, revealing the extent of their battle to survive under the weight of debts, heavy losses and management crises.

Mumias Sugar #ticker:MSC, Kenya Power #ticker:KPLC , East African Portland Cement Company (EAPCC) #ticker:EAPCC and Uchumi Supermarkets #ticker:UCHUM failed to meet the October 31 deadline set by the Capital Markets Authority (CMA), meaning investors in the firms will have to wait longer to know whether the management generated any returns during the financial year ended June 2018.

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Note: The results are not exact but very close to the actual.