The number of publicly traded firms whose earnings dropped by more than 25 per cent last year hit 19, compared to 11 in 2014.
Loss-making Kurwitu Ventures on Wednesday announced its losses for 12 months through last December deepened by at least a quarter, from Sh5.69 million in 2014.
Kurwitu is the sole Sharia-compliant investment products firm on the Nairobi Securities Exchange. The firm, which listed by introduction in November 2014, made a loss of Sh815,416 in 2013.
Standard Chartered Bank, Mumias Sugar, Uchumi Supermarkets and Standard Group are among NSE-listed firms whose profit for 2015 dropped by more than a quarter.
Others are TPS Eastern Africa, East African Cables, ARM Cement, BOC Gases, Car & General, Sameer Africa, Crown Berger and Express Kenya.
Returns on NSE fell by 20.97 per cent year-on-year last year, on a high interest regime that pushed investors towards rewarding fixed-income securities.
