M-Akiba, derivatives market costs pull NSE earnings down to Sh77.8 mn

NSE chief executive Geoffrey Odundo. FILE PHOTO | NMG

Self-listed Nairobi Securities Exchange's (NSE) #ticker:NSE after-tax profit for the six months to June 30 fell by 5.1 per cent largely due to one-off expenses from developing infrastructure for new products, the firm reported on Tuesday.

Half-year net earnings dropped for the second year in a row to Sh77.77 million compared to Sh81.96 million a year earlier.

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