By VICTOR JUMAMore by this AuthorAgricultural firm Sasini posted a 14 per cent decline in net profit in the year ended September, citing lower production and price drop for its tea and coffee exports. The Nairobi Securities Exchange-listed firm’s net earnings stood at Sh293.5 million in the review period compared to Sh339.4 million the year before. Sasini declared a final dividend of Sh0.5 per share, payable on January 31, to shareholders on record as of January 7. This will bring the total payout for the year to Sh1 per share, with another Sh0.5 per share having been distributed earlier this year. Sasini says its tea output in the review period fell four per cent to 10,804 tonnes from 11,208 tonnes a year earlier.

Source: Daily Nation December 19, 2018 18:45 UTC