Investment firm Centum has issued a profit warning citing lower disposal of investments and effects of Covid-19 on the private equity portfolio business. The caution if for the for the financial year ending March 31, 2021. A statement from the firm signed by company secretary, Mwangi Mbogo said the board wished to bring this to […]
Longhorn Publishers has posted Sh145.3 million in losses in the six months to December 2020, down from the Sh68.9 million net profit it recorded in a similar period in 2019. In a statement, the group said it was impacted by a challenging environment arising from the Covid-19 crisis and the related suspension of learning in […]
The Nation Media Group was the top gainer of the day at the Nairobi Securities Exchange (NSE) on Tuesday, March 2, 2020, with 9.89 percent at the price of 19.45 shillings per share. Kenya Re-Insurance was the second top gainer with 4.84 percent at the price of 2.60 shillings per share followed by Longhorn Publishers […]
NAIROBI, Kenya, Feb 22 – Longhorn Publishers has posted Sh145.3 million in losses in the six months to December 2020, down from the Sh68.9 million net profit it recorded in a similar period in 2019. In a statement, the group said it was impacted by a challenging environment arising from the Covid-19 crisis and the […]
Longhorn Publishers has posted Sh145.3 million in losses in the six months to December 2020, down from the Sh68.9 million net profit it recorded in a similar period in 2019. In a statement, the group said it was impacted by a challenging environment arising from the Covid-19 crisis and the related suspension of learning in […]
Longhorn Publishers recorded a Sh145.3 million (1.3 million US Dollars) loss in the last six months of 2020 as sales were hurt by disrupted learning due to the coronavirus pandemic. Book published by Longhorn The publisher had made a net profit of Sh68.96 million/$620437.95 in the half-year to December 2019. “The Group revenue declined compared […]
KEY POINTS Top gainers of the day; Unga Group, Total Kenya, Crown Paints Kenya, Uchumi Supermarkets, and Umeme. Top losers were Trans-Century, Standard Group, Longhorn Publishers, Centum, and Carbacid. As the month of January snails to an end, Unga Group kicked off this week as the top gainer of the day with 8.29 percent at […]
The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Friday, the bank attributed the expected collapse in earnings to economic disruptions arising from the COVID-19 pandemic. The volatile operating environment has seen the lender raise its loan-loss coverage in […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL The Nairobi Securities Exchange (NSE) will be hoping for a lift in 2021 with trading resuming for the New Year on Monday. Among key remedial measures sought will be the lure of foreign investors whose exodus in 2020 caved a hole in the […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , Absa Bank Kenya , East African Breweries Limited ( EABL ), Kenya Power , East African Cables , Kenya Orchards , Longhorn Publishers , Nairobi Business Ventures , […]
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