The Extent To Which Financial Factors Affect Profitability Of Manufacturing Firms Listed In The Nairobi Stock Exchange

ABSTRACT  Macroeconomic uncertainty, volatility and risk on manufacturing firms have adversely affected the profitability in developing countries and Kenya as well has not been spared. Various financial factors are said to influence profitability of manufacturing firms; fluctuation of exchange rate, interest rates and inflation affect the cost of production and the cost of raw material hence leading to low profits. This study sought to determine the financial factors that affect the profitability of manufacturing companies listed in the NSE in Kenya. The study specifically sought to determine …