The year 2023 has been a financially tumultuous period for several major companies, having registered losses and issued profit warnings to investors. The company reported a net loss of KSh 3.19 billion for the year ending June 30, 2023. This marked a sharp contrast to the KSh 3.3 billion net profit recorded at the end of the 2022 financial year. The losses were attributed to losses incurred by Two Rivers Development Operations, amounting to a KSh 3.9 billion impairment provision. Companies that issued profit warnings to investors in 2023In other related news, a dozen Kenyan companies issued a profit warning for the year ending December 31, 2023.

Source: Standard Digital December 30, 2023 14:41 UTC