Drought sinks Limuru Tea into Sh4.51 million half-year loss - News Summed Up

Drought sinks Limuru Tea into Sh4.51 million half-year loss


| Published Wed, September 13th 2017 at 10:17, Updated September 13th 2017 at 10:23 GMT +3Limuru Tea Company Photo:CourtesyPoor weather conditions have sunk Limuru Tea Company into losses, condemning investors to a dividend drought. Unaudited results for the six months of trading ended June 30, 2017, saw the Nairobi Securities Exchange-listed firm register a loss of Sh4.51 million, a 203 per cent drop in earnings from a profit position of Sh4.37 million the previous year. ALSO READ: Drop in loan incomes stifles growth in banksChairman Richard Korir said erratic weather conditions, especially in the first half of the year, were to blame for the loss.


Source: Standard Digital September 13, 2017 07:18 UTC



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