K-Shoe retailer posts Sh9 million loss

Nairobi Business Ventures Ltd, the retailers of shoes and leather products under the K-Shoe brand has posted a Sh9.5 million in losses for the period ended September 30, 2018. 

This is a 36 per cent drop from the Sh14.9 million loss made in a similar period last year. 

It comes weeks after the retailer announced plans to list additional shares on the Nairobi bourse.

The firm's total revenue rose by six per cent to stand at Sh8.4 million but the profit was eroded by Sh7.4 million in operating expenses and another Sh2.5 million in finance costs.