rwitre wrote:Ericsson wrote:Loss of ksh.2.3bn compared to a profit before tax of ksh.868mn in 2017
Directors recommend no dividend
WTH
What happended to being cash rich??
Unrealised loss in listed equities at ksh.3.2bn compared to a gain of sh.0.9bn in 2017
Lower returns in property investments due to depressed property market
Provisions of the new IFRS9
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle