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Sasini returns to profit on increased sales


Sasini returns to profit on increased sales
Thursday January 14 2021
By CONSTANT MUNDA
Agricultural firm Sasini #ticker:SASN has returned to profitability after sales increased by nearly half, outpacing growth in costs, the publicly-traded firm reported on Thursday.
The company, which largely deals in large-scale tea, coffee, macadamia and avocado farming and production, reported a profit of Sh12.61 million for the year ended September 2020 from a loss of Sh337.74 million a year earlier.
The earnings were largely lifted by a 48.32 percent growth in revenue to Sh4.14 billion, a slightly faster climb than 41.10 percent in direct costs to Sh3.33 billion.
Shareholders, who got a Sh0.50 dividend per share last year despite the firm posting a loss, will, however, miss out this year after the board failed to recommend a payout. ....

Martin Ochieng , James Mcfie , Mombasa Tea Auction , Tea Sales , Sasini Dividend , மார்டின் ஓச்சிேன் , மாஂபாஸ தேநீர் ஏலம் , தேநீர் விற்பனை , கொட்டைவடி நீர் ,