Counties Sasini raises profit outlook on strong dollar, tea price spikesSome of the coffee and tea brands marketed by Sasini Ltd. Sasini chief executive Martin Ochien’g speaking on Tuesday at a virtual investor briefing said the weakened shilling also spells better times for its exports. Sasini more than tripled its net profit in the half-year ended March, helped by higher sales and lower costs. Sasini’s sales grew 65.3 percent to Sh3.3 billion, driven by higher prices of tea and coffee that also reflected the impact of the weakening of the Kenya shilling. ALSO READ: Sasini net profit rallies to Sh421m as margins rise“Coffee prices have been very good.

Source: The North Africa Journal June 01, 2022 12:41 UTC