Deacons Kenya Ltd. Announces Consolidated Earnings Results for the Six Months Ended June 30, 2012; Provides Earnings Guidance for the Year 2012
The company announced that earnings for fiscal year 2012 could possibly be lower than fiscal year 2011 by at least 25%. The anticipated drop in full year earnings is, in part, as a result of high interest costs which were incurred as a result of capital expenditure required for new stores from which the revenue return has not been realized in the first half of fiscal year 2012.