Packaging material maker SKL expects profit to drop by 25pc
NAIROBI, Kenya, Sept 29 - Newly listed Shri Krishana Overseas Limited (SKL) has issued a profit warning, cautioning investors that its 2025 full-year Kenya breaking news | Kenya news today |..
✨ Key Highlights
Newly listed packaging material manufacturer Shri Krishana Overseas Limited (SKL) has issued a profit warning, anticipating a drop of more than 25 percent in its 2025 full-year earnings. This decline is attributed to increased borrowing costs associated with its Kisaju expansion project.
- SKL's half-year profits plunged from Sh6 million to Sh2 million due to long-term borrowings surging to Sh113 million.
- The company, which listed on the Nairobi Securities Exchange on July 24, 2024, highlighted these costs as "strategic investments" for future capacity.
- Despite a 6 percent dip in half-year revenues to Sh158 million, operating costs decreased by 9 percent to Sh29.9 million due to tightened expenditure.
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Shri Krishana Issues Profit Warning While Unga Group and Enwealth Report Growth - September 2025
Packaging material manufacturer Shri Krishana Overseas Limited (SKL) has issued a profit warning, anticipating a drop of more than 25 percent in its 2025 full-year earnings. The company, newly listed on the Nairobi Securities Exchange, saw its half-year net profit for H1 2025 plummet by 70.4% due to surging borrowing costs associated with its Kisaju expansion project. In contrast, Unga Group Plc has returned to profitability, reporting a KSh 222.1 million net profit for the year ended June 30, 2025, after two consecutive years of losses, driven by stronger sales and reduced finance costs. Additionally, the Enwealth Umbrella Pension Fund reported strong performance, increasing its assets under management by 49 percent to Sh1.056 billion in 2024.
