NSE Listed firm, BOC Kenya has a issued a profit warning projecting that its Full Year 2015 Earnings will be at least 25% lower than last year’s earnings.
The management says that the drop in earnings is attributed to lower level of sales in 2015 due to competition from oxygen, nitrogen imports
The firm also blamed the depreciation of shilling against US dollar for the drop in its full year earnings.
Its also said that a large deferred tax credit that was made in 2014’s income statement will not recur in 2015 and that saying that the adjustment was cash flow neutral.
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