The analysis also finds that a third of the companies announced reduced revenues including eight firms that were profitable. The listed companies are well known, most-preferred brands in Kenya that customers are willing to buy, according to Mr Karogo. Five companies in the sector made losses, while two reported reduced profits, finds the Newsplex analysis. None of the 11 banks listed on the stock exchange suffered a loss but five recorded reduced profits. Crown Berger Ltd, a company in the Construction and Allied sector recorded the second highest percentage increase in net profit.

Source: Daily Nation August 01, 2017 19:30 UTC