I need journalists to get back to analysis. It's not enough to report the loss. Give us reasons why this could be happening and map out different scenarios. Is it poor org leadership, or is it taxes and manufacturing costs? Lift the veil and take us on an analytical journey
L'Oreal East Africa, which markets and distributes personal care and beauty products such as Garnier, Maybelline, L'Oreal Paris etc, made a loss of Sh747.8m (€4.99m) in the last financial year according to disclosures made by its parent firm, L'Oreal.
This is a wider loss compared to the loss of Sh116.3m (€775,570) it made in the prior year.
[Sources on the next post]