A total of 12 companies issued profit warnings in 2017 as compared to 11 in 2016.
“2017 saw 12 companies issue profit warnings to investors, compared to 11 companies that issued profit warnings in 2016,” said Cytonn Investments.
In 2016, Nairobi Securities Exchange, Sasini, Sameer Africa, Sanlam Kenya, Deacons East Africa issued profit warnings. Others that issued profit warning during that year were Family Bank, CIC Insurance, Williamson Tea Kenya, Mumias Sugar Company and Shelter Afrique.
In 2017, Standard Chartered Bank, Standard Group, Britam Holdings, Bamburi, HF Group and Flame Tree issued profit warnings. During the same year, BOC Kenya, Deacons East Africa, Mumias Sugar, Nairobi Business Ventures and Unga Group issued profit warnings.
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