Limuru Tea sinks deeper in the red with Sh22mn loss
6 days ago, 13:30
Limuru Tea Plc #ticker:LIMT has sunk deeper in the red on the back of decreased revenue to post an after-tax loss of Sh22.13 million in 2017 from Sh19.07 million the previous year. The company attributed the performance to a decline in sales volumes. The Nairobi Securities Exchange (NSE)-listed firm reported a total revenue drop of 23 per cent to Sh80 million in 2017 from Sh104 million in 2016. This was due to a drop in sales that offset the benefits realised from improved prices in the market a ...
Category: business news corporate markets opinion economy lifestyle