Investors expecting 10% growth left disappointed as Equity Bank Kenya posts flat Earnings
NAIROBI, Kenya, Capital Markets in Africa — Equity Group Holdings Limited., the owner of Kenya’s biggest lender by market value, posted flat earnings that disappointed investors who had expected growth of more than 10 percent, as weaker currencies weighed on its regional operations. Net income grew 0.6 percent to 17.3 billion shillings ($170.4 million) in the 12 months through December from 17.2 billion shillings a year earlier, Chief Executive Officer James Mwangi told an investor briefing Tuesday…
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