Kenya: Limuru Tea issues profit warning on higher costs
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Limuru Tea Plc joins 13 other companies that have issued profit warnings to investors since last year, citing higher costs and a valuation decline on assets.
1M | 3M | YTD | 1Y | 2Y |
-6.11% | -3.11% | +13.15% | -0.89% | -23.69% |
Value Traded (Mln KES) 463.57 |
Volume 32,819,400 |
Transactions - |
Market Cap. (Bln KES) 1,543.50 |
Limuru Tea Plc joins 13 other companies that have issued profit warnings to investors since last year, citing higher costs and a valuation decline on assets.
Agricultural firm Sasini has increased dividend payout by 50 percent to Sh342.1 million despite the net profit more than halving to Sh542.6 million in the financial year ended September 2023.
The Nairobi Securities Exchange (NSE) wound up 2023 at a fourth straight year of net foreign outflows, weighed down by attractive returns in other asset classes and external developed markets.
The persistent bear run on the Nairobi Securities Exchange (NSE) has seen three companies, including Credit Bank, suspend plans to list on the bourse, fearing an adverse pricing of their shares.