Sameer marks turnaround with Sh43.4 million profit

naushad-merali

Sameer Africa chairman Naushad Merali. FILE PHOTO | NMG

Sameer Africa #ticker:SMER made a net profit of Sh43.4 million in the year ended December, breaking its two-year loss-making streak.

The company had posted a net loss of Sh1 billion and Sh529.3 million in 2019 and 2018 respectively. Sameer did not declare a dividend for the review period, taking the payout drought to seven years.

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