Limuru Tea loss widens sevenfold on falling prices

A worker plucks tea leaves at a farm in Muranga on May 9, 2018. PHOTO | JEFF ANGOTE | NMG

Listed agricultural firm Limuru Tea #ticker:LIMT sunk into Sh18.15 million loss in the first six months of 2019, being seven times more the loss posted in a similar period last year, due to falling prices of green leaf.

In the half year ended June, sales revenue fell by more than a third to Sh29.35 million from Sh42.75 million in a similar previous period, putting pressure on the bottom-line.

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